REI Lense

REI Lense

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$1,496 (target)

22015 Nelson Rd NW, Elkmont, AL 35620

3 beds • 2 baths • 1747 sqft

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This property looks like a bad Long-Term investment with a projected -12.86% first-year return on $70,350 initial cash invested.

-12.86%

Cash On Cash

3.57%

Cap Rate

0.6

DSCR

$1,496

Rent

-$754

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,496 income − $2,250 expenses = $754 out of pocket

Income$1,496Out of Pocket$754Mortgage P&I$1,677112%Property Taxes$664%Insurance$1178%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,496

Total Expenses

$2,250

Mortgage P&I

112%

$1,677

Property Taxes

4%

$66

Home Insurance

8%

$117

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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