REI Lense

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$1,777 (target)

2136 Spring Grove Ct, Mobile, AL 36695

3 beds • 2 baths • 1576 sqft

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This property looks like a bad Long-Term investment with a projected -6.33% first-year return on $50,463 initial cash invested.

-6.33%

Cash On Cash

5.58%

Cap Rate

0.86

DSCR

$1,777

Rent

-$266

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,777 income − $2,043 expenses = $266 out of pocket

Income$1,777Out of Pocket$266Mortgage P&I$1,29573%Property Taxes$18310%Insurance$865%HOA$161%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,463

Downpayment

20%

$48,060

Closing costs

1%

$2,403

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,777

Total Expenses

$2,043

Mortgage P&I

73%

$1,295

Property Taxes

10%

$183

Home Insurance

5%

$86

HOA

1%

$16

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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