REI Lense

REI Lense

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$2,471 (target)

2286 Russet Meadows Ter, Birmingham, AL 35244

3 beds • 2 baths • 1531 sqft

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This property might be a fair Long-Term investment with a projected 3.89% first-year return on $60,165 initial cash invested.

3.89%

Cash On Cash

7.28%

Cap Rate

1.22

DSCR

$2,471

Rent

$195

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,471 income − $2,276 expenses = $195 cash flow

Income$2,471Mortgage P&I$1,41957%Property Taxes$994%Insurance$1084%HOA$7Management$24710%CapEx$1245%Vacancy$1486%Maintenance$1245%Cash Flow$195

Investment Breakdown

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Purchase Price

$287k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,165

Downpayment

20%

$57,300

Closing costs

1%

$2,865

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,471

Total Expenses

$2,276

Mortgage P&I

57%

$1,419

Property Taxes

4%

$99

Home Insurance

4%

$108

HOA

0%

$7

Property Management

10%

$247

CapEx

5%

$124

Vacancy

6%

$148

Maintenance

5%

$124

Other

0%

$0

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