REI Lense

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$3,206 (target)

2172 Chelsea Park Bnd, Chelsea, AL 35043

3 beds • 2 baths • 1649 sqft

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This property looks like a bad Mid-Term investment with a projected -3.22% first-year return on $104k initial cash invested.

-3.22%

Cash On Cash

5.55%

Cap Rate

0.93

DSCR

$3,206

Rent

-$278

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,206 income − $3,484 expenses = $278 out of pocket

Income$3,206Out of Pocket$278Mortgage P&I$2,03563%Property Taxes$1665%Insurance$1424%HOA$512%Management$38512%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35311%

Investment Breakdown

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Purchase Price

$407k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,445

Closing costs

1%

$4,072

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,206

Total Expenses

$3,484

Mortgage P&I

63%

$2,035

Property Taxes

5%

$166

Home Insurance

4%

$142

HOA

2%

$51

Property Management

12%

$385

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$353

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