REI Lense

REI Lense

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$1,295 (target)

223 3rd Ave NW, Arab, AL 35016

3 beds • 2 baths • 1100 sqft

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This property looks like a bad Long-Term investment with a projected -4.34% first-year return on $38,703 initial cash invested.

-4.34%

Cash On Cash

5.99%

Cap Rate

0.92

DSCR

$1,295

Rent

-$140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,295 income − $1,435 expenses = $140 out of pocket

Income$1,295Out of Pocket$140Mortgage P&I$99577%Property Taxes$363%Insurance$665%Management$13010%CapEx$655%Vacancy$786%Maintenance$655%

Investment Breakdown

|

Purchase Price

$184k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,703

Downpayment

20%

$36,860

Closing costs

1%

$1,843

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,295

Total Expenses

$1,435

Mortgage P&I

77%

$995

Property Taxes

3%

$36

Home Insurance

5%

$66

HOA

0%

$0

Property Management

10%

$130

CapEx

5%

$65

Vacancy

6%

$78

Maintenance

5%

$65

Other

0%

$0

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