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$2,824 (target)

22 Lemon Way, Phenix City, AL 36869

3 beds • 2 baths • 1412 sqft

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This property might be a fair Mid-Term investment with a projected 5.9% first-year return on $69,786 initial cash invested.

5.9%

Cash On Cash

8.7%

Cap Rate

1.34

DSCR

$2,824

Rent

$343

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,824 income − $2,481 expenses = $343 cash flow

Income$2,824Mortgage P&I$1,33147%Property Taxes$1034%Insurance$863%Management$33912%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31111%Cash Flow$343

Investment Breakdown

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Purchase Price

$247k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,786

Downpayment

20%

$49,320

Closing costs

1%

$2,466

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,824

Total Expenses

$2,481

Mortgage P&I

47%

$1,331

Property Taxes

4%

$103

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$339

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$311

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