REI Lense

REI Lense

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$1,215 (target)

229 11th Ct W, Birmingham, AL 35204

3 beds • 2 baths • 1925 sqft

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This property might be a fair Long-Term investment with a projected 2.18% first-year return on $24,759 initial cash invested.

2.18%

Cash On Cash

7.85%

Cap Rate

1.16

DSCR

$1,215

Rent

$45

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,215 income − $1,170 expenses = $45 cash flow

Income$1,215Mortgage P&I$66555%Property Taxes$14712%Insurance$413%Management$12210%CapEx$615%Vacancy$736%Maintenance$615%Cash Flow$45

Investment Breakdown

|

Purchase Price

$118k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$24,759

Downpayment

20%

$23,580

Closing costs

1%

$1,179

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,215

Total Expenses

$1,170

Mortgage P&I

55%

$665

Property Taxes

12%

$147

Home Insurance

3%

$41

HOA

0%

$0

Property Management

10%

$122

CapEx

5%

$61

Vacancy

6%

$73

Maintenance

5%

$61

Other

0%

$0

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