REI Lense

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$2,315 (target)

22060 Shipley Hollow Rd, Elkmont, AL 35620

3 beds • 3 baths • 2466 sqft

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This property looks like a bad Long-Term investment with a projected -12.26% first-year return on $105k initial cash invested.

-12.26%

Cash On Cash

3.71%

Cap Rate

0.62

DSCR

$2,315

Rent

-$1,073

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,315 income − $3,388 expenses = $1,073 out of pocket

Income$2,315Out of Pocket$1,073Mortgage P&I$2,504108%Property Taxes$1065%Insurance$1758%Management$23210%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

|

Purchase Price

$500k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$100,000

Closing costs

1%

$5,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,315

Total Expenses

$3,388

Mortgage P&I

108%

$2,504

Property Taxes

5%

$106

Home Insurance

8%

$175

HOA

0%

$0

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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