REI Lense

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$1,816 (target)

217 Constitution Dr, Meridianville, AL 35759

3 beds • 2 baths • 2175 sqft

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This property looks like a bad Long-Term investment with a projected -4.45% first-year return on $59,346 initial cash invested.

-4.45%

Cash On Cash

5.44%

Cap Rate

0.91

DSCR

$1,816

Rent

-$220

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,816 income − $2,036 expenses = $220 out of pocket

Income$1,816Out of Pocket$220Mortgage P&I$1,40978%Property Taxes$543%Insurance$1006%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%

Investment Breakdown

|

Purchase Price

$283k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,346

Downpayment

20%

$56,520

Closing costs

1%

$2,826

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,816

Total Expenses

$2,036

Mortgage P&I

78%

$1,409

Property Taxes

3%

$54

Home Insurance

6%

$100

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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