REI Lense

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$2,130 (target)

2129 Cove Cir E, Hokes Bluff, AL 35903

3 beds • 2 baths • 1647 sqft

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This property looks like a bad Mid-Term investment with a projected -4.25% first-year return on $79,089 initial cash invested.

-4.25%

Cash On Cash

5.5%

Cap Rate

0.87

DSCR

$2,130

Rent

-$280

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,130 income − $2,410 expenses = $280 out of pocket

Income$2,130Out of Pocket$280Mortgage P&I$1,52972%Property Taxes$522%Insurance$1055%Management$25612%CapEx$854%Vacancy$643%Maintenance$854%Other$23411%

Investment Breakdown

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Purchase Price

$291k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,089

Downpayment

20%

$58,180

Closing costs

1%

$2,909

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,130

Total Expenses

$2,410

Mortgage P&I

72%

$1,529

Property Taxes

2%

$52

Home Insurance

5%

$105

HOA

0%

$0

Property Management

12%

$256

CapEx

4%

$85

Vacancy

3%

$64

Maintenance

4%

$85

Other

11%

$234

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