REI Lense

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$1,554 (target)

2316 Hillview Rd, Bessemer, AL 35022

3 beds • 2 baths • 1447 sqft

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This property could be a profitable Long-Term investment with a projected 11.22% first-year return on $29,400 initial cash invested.

11.22%

Cash On Cash

9.5%

Cap Rate

1.47

DSCR

$1,554

Rent

$275

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,554 income − $1,279 expenses = $275 cash flow

Income$1,554Mortgage P&I$75549%Property Taxes$715%Insurance$493%Management$15510%CapEx$785%Vacancy$936%Maintenance$785%Cash Flow$275

Investment Breakdown

|

Purchase Price

$140k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$29,400

Downpayment

20%

$28,000

Closing costs

1%

$1,400

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,554

Total Expenses

$1,279

Mortgage P&I

49%

$755

Property Taxes

5%

$71

Home Insurance

3%

$49

HOA

0%

$0

Property Management

10%

$155

CapEx

5%

$78

Vacancy

6%

$93

Maintenance

5%

$78

Other

0%

$0

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