REI Lense

REI Lense

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$2,191 (target)

229 Brier Ridge Ct, Madison, AL 35757

3 beds • 2 baths • 2222 sqft

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This property looks like a bad Long-Term investment with a projected -6.38% first-year return on $74,298 initial cash invested.

-6.38%

Cash On Cash

5.14%

Cap Rate

0.84

DSCR

$2,191

Rent

-$395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,191 income − $2,586 expenses = $395 out of pocket

Income$2,191Out of Pocket$395Mortgage P&I$1,79982%Property Taxes$914%Insurance$1266%Management$21910%CapEx$1105%Vacancy$1316%Maintenance$1105%

Investment Breakdown

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Purchase Price

$354k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,298

Downpayment

20%

$70,760

Closing costs

1%

$3,538

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,191

Total Expenses

$2,586

Mortgage P&I

82%

$1,799

Property Taxes

4%

$91

Home Insurance

6%

$126

HOA

0%

$0

Property Management

10%

$219

CapEx

5%

$110

Vacancy

6%

$131

Maintenance

5%

$110

Other

0%

$0

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