REI Lense

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$2,703 (target)

2262 Smokey Rd, Alabaster, AL 35007

3 beds • 2 baths • 1800 sqft

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This property looks like a bad Mid-Term investment with a projected -7.69% first-year return on $113k initial cash invested.

-7.69%

Cash On Cash

4.32%

Cap Rate

0.73

DSCR

$2,703

Rent

-$724

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,703 income − $3,427 expenses = $724 out of pocket

Income$2,703Out of Pocket$724Mortgage P&I$2,24583%Property Taxes$943%Insurance$1706%Management$32412%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29711%

Investment Breakdown

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Purchase Price

$453k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,520

Closing costs

1%

$4,526

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,703

Total Expenses

$3,427

Mortgage P&I

83%

$2,245

Property Taxes

3%

$94

Home Insurance

6%

$170

HOA

0%

$0

Property Management

12%

$324

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$297

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