REI Lense

REI Lense

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$2,636 (target)

2128 Hickory Hills Rd, Florence, AL 35630

3 beds • 3 baths • 3262 sqft

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This property looks like a bad Mid-Term investment with a projected -10.07% first-year return on $114k initial cash invested.

-10.07%

Cash On Cash

4.04%

Cap Rate

0.64

DSCR

$2,636

Rent

-$959

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,636 income − $3,595 expenses = $959 out of pocket

Income$2,636Out of Pocket$959Mortgage P&I$2,39891%Property Taxes$1325%Insurance$1706%Management$31612%CapEx$1054%Vacancy$793%Maintenance$1054%Other$29011%

Investment Breakdown

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Purchase Price

$458k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,660

Closing costs

1%

$4,583

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,636

Total Expenses

$3,595

Mortgage P&I

91%

$2,398

Property Taxes

5%

$132

Home Insurance

6%

$170

HOA

0%

$0

Property Management

12%

$316

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$290

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