REI Lense

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$2,017 (target)

2129 Cumbie Rd, Newton, AL 36352

3 beds • 2 baths • 2891 sqft

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This property looks like a bad Long-Term investment with a projected -11.02% first-year return on $86,121 initial cash invested.

-11.02%

Cash On Cash

3.97%

Cap Rate

0.66

DSCR

$2,017

Rent

-$791

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,017 income − $2,808 expenses = $791 out of pocket

Income$2,017Out of Pocket$791Mortgage P&I$2,047101%Property Taxes$874%Insurance$1497%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

|

Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,121

Downpayment

20%

$82,020

Closing costs

1%

$4,101

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,017

Total Expenses

$2,808

Mortgage P&I

101%

$2,047

Property Taxes

4%

$87

Home Insurance

7%

$149

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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