REI Lense

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$2,724 (target)

217 Constitution Dr, Meridianville, AL 35759

3 beds • 2 baths • 2175 sqft

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This property might be a fair Mid-Term investment with a projected 3.63% first-year return on $77,346 initial cash invested.

3.63%

Cash On Cash

7.44%

Cap Rate

1.24

DSCR

$2,724

Rent

$234

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,724 income − $2,490 expenses = $234 cash flow

Income$2,724Mortgage P&I$1,40952%Property Taxes$542%Insurance$1004%Management$32712%CapEx$1094%Vacancy$823%Maintenance$1094%Other$30011%Cash Flow$234

Investment Breakdown

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Purchase Price

$283k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,346

Downpayment

20%

$56,520

Closing costs

1%

$2,826

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,724

Total Expenses

$2,490

Mortgage P&I

52%

$1,409

Property Taxes

2%

$54

Home Insurance

4%

$100

HOA

0%

$0

Property Management

12%

$327

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$300

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