REI Lense

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$1,650 (target)

2153 Pratt Hwy, Birmingham, AL 35214

3 beds • 2 baths • 1603 sqft

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This property might be a fair Long-Term investment with a projected 4.69% first-year return on $37,863 initial cash invested.

4.69%

Cash On Cash

7.81%

Cap Rate

1.24

DSCR

$1,650

Rent

$148

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,650 income − $1,502 expenses = $148 cash flow

Income$1,650Mortgage P&I$94357%Property Taxes$936%Insurance$382%Management$16510%CapEx$825%Vacancy$996%Maintenance$825%Cash Flow$148

Investment Breakdown

|

Purchase Price

$180k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,863

Downpayment

20%

$36,060

Closing costs

1%

$1,803

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,650

Total Expenses

$1,502

Mortgage P&I

57%

$943

Property Taxes

6%

$93

Home Insurance

2%

$38

HOA

0%

$0

Property Management

10%

$165

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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