REI Lense

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$1,104 (target)

2216 Argyle Way, Gadsden, AL 35904

3 beds • 2 baths • 1976 sqft

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This property looks like a bad Long-Term investment with a projected -15.15% first-year return on $52,521 initial cash invested.

-15.15%

Cash On Cash

3.2%

Cap Rate

0.52

DSCR

$1,104

Rent

-$663

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,104 income − $1,767 expenses = $663 out of pocket

Income$1,104Out of Pocket$663Mortgage P&I$1,275115%Property Taxes$11510%Insurance$918%Management$11010%CapEx$555%Vacancy$666%Maintenance$555%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,521

Downpayment

20%

$50,020

Closing costs

1%

$2,501

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,104

Total Expenses

$1,767

Mortgage P&I

115%

$1,275

Property Taxes

10%

$115

Home Insurance

8%

$91

HOA

0%

$0

Property Management

10%

$110

CapEx

5%

$55

Vacancy

6%

$66

Maintenance

5%

$55

Other

0%

$0

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