REI Lense

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$3,026 (target)

2129 Cumbie Rd, Newton, AL 36352

3 beds • 2 baths • 2891 sqft

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This property looks like a bad Mid-Term investment with a projected -3.3% first-year return on $104k initial cash invested.

-3.3%

Cash On Cash

5.51%

Cap Rate

0.92

DSCR

$3,026

Rent

-$286

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,026 income − $3,312 expenses = $286 out of pocket

Income$3,026Out of Pocket$286Mortgage P&I$2,04768%Property Taxes$873%Insurance$1495%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33311%

Investment Breakdown

|

Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,020

Closing costs

1%

$4,101

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,026

Total Expenses

$3,312

Mortgage P&I

68%

$2,047

Property Taxes

3%

$87

Home Insurance

5%

$149

HOA

0%

$0

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

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