REI Lense

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$2,666 (target)

2136 Spring Grove Ct, Mobile, AL 36695

3 beds • 2 baths • 1576 sqft

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This property might be a fair Mid-Term investment with a projected 3.14% first-year return on $68,463 initial cash invested.

3.14%

Cash On Cash

7.9%

Cap Rate

1.22

DSCR

$2,666

Rent

$179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,666 income − $2,487 expenses = $179 cash flow

Income$2,666Mortgage P&I$1,29549%Property Taxes$1837%Insurance$863%HOA$161%Management$32012%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29311%Cash Flow$179

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,463

Downpayment

20%

$48,060

Closing costs

1%

$2,403

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,666

Total Expenses

$2,487

Mortgage P&I

49%

$1,295

Property Taxes

7%

$183

Home Insurance

3%

$86

HOA

1%

$16

Property Management

12%

$320

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$293

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