REI Lense

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$2,488 (target)

2203 Apolla Ln SE, Decatur, AL 35601

3 beds • 2 baths • 1429 sqft

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This property might be a fair Mid-Term investment with a projected 7.35% first-year return on $62,184 initial cash invested.

7.35%

Cash On Cash

9.21%

Cap Rate

1.42

DSCR

$2,488

Rent

$381

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,488 income − $2,107 expenses = $381 cash flow

Income$2,488Mortgage P&I$1,13446%Property Taxes$482%Insurance$773%Management$29912%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27411%Cash Flow$381

Investment Breakdown

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Purchase Price

$210k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,184

Downpayment

20%

$42,080

Closing costs

1%

$2,104

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,488

Total Expenses

$2,107

Mortgage P&I

46%

$1,134

Property Taxes

2%

$48

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$299

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$274

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