REI Lense

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$1,896 (target)

2302 Level Ct, Phenix City, AL 36869

3 beds • 2 baths • 1316 sqft

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This property could be a profitable Mid-Term investment with a projected 18.47% first-year return on $38,979 initial cash invested.

18.47%

Cash On Cash

14.07%

Cap Rate

2.37

DSCR

$1,896

Rent

$600

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,896 income − $1,296 expenses = $600 cash flow

Income$1,896Mortgage P&I$49526%Property Taxes$1206%Insurance$352%Management$22812%CapEx$764%Vacancy$573%Maintenance$764%Other$20911%Cash Flow$600

Investment Breakdown

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Purchase Price

$99,900

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,979

Downpayment

20%

$19,980

Closing costs

1%

$999

Rehab

0%

$0

Furnishing

18%

$18,000

Cashflow

Total Income

$1,896

Total Expenses

$1,296

Mortgage P&I

26%

$495

Property Taxes

6%

$120

Home Insurance

2%

$35

HOA

0%

$0

Property Management

12%

$228

CapEx

4%

$76

Vacancy

3%

$57

Maintenance

4%

$76

Other

11%

$209

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