REI Lense

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$1,420 (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 Long-Term investment with a projected -12.47% first-year return on $61,089 initial cash invested.

-12.47%

Cash On Cash

3.98%

Cap Rate

0.63

DSCR

$1,420

Rent

-$635

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,420 income − $2,055 expenses = $635 out of pocket

Income$1,420Out of Pocket$635Mortgage P&I$1,529108%Property Taxes$524%Insurance$1057%Management$14210%CapEx$715%Vacancy$856%Maintenance$715%

Investment Breakdown

|

Purchase Price

$291k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,089

Downpayment

20%

$58,180

Closing costs

1%

$2,909

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,420

Total Expenses

$2,055

Mortgage P&I

108%

$1,529

Property Taxes

4%

$52

Home Insurance

7%

$105

HOA

0%

$0

Property Management

10%

$142

CapEx

5%

$71

Vacancy

6%

$85

Maintenance

5%

$71

Other

0%

$0

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