REI Lense

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$3,006 (target)

23 Elizabeth Dr NE, Fort Payne, AL 35967

3 beds • 2 baths • 1688 sqft

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This property looks like a bad Mid-Term investment with a projected -0.25% first-year return on $94,461 initial cash invested.

-0.25%

Cash On Cash

6.28%

Cap Rate

1.06

DSCR

$3,006

Rent

-$20

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,006 income − $3,026 expenses = $20 out of pocket

Income$3,006Out of Pocket$20Mortgage P&I$1,80460%Property Taxes$672%Insurance$1334%Management$36112%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33111%

Investment Breakdown

|

Purchase Price

$364k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,461

Downpayment

20%

$72,820

Closing costs

1%

$3,641

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,006

Total Expenses

$3,026

Mortgage P&I

60%

$1,804

Property Taxes

2%

$67

Home Insurance

4%

$133

HOA

0%

$0

Property Management

12%

$361

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$331

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