REI Lense

REI Lense

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$1,263 (target)

23470 Old Dragstrip Rd, Andalusia, AL 36421

3 beds • 2 baths • 1276 sqft

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This property might be a fair Long-Term investment with a projected 0.77% first-year return on $31,290 initial cash invested.

0.77%

Cash On Cash

7.22%

Cap Rate

1.1

DSCR

$1,263

Rent

$20

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,263 income − $1,243 expenses = $20 cash flow

Income$1,263Mortgage P&I$81364%Property Taxes$504%Insurance$524%Management$12610%CapEx$635%Vacancy$766%Maintenance$635%Cash Flow$20

Investment Breakdown

|

Purchase Price

$149k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$31,290

Downpayment

20%

$29,800

Closing costs

1%

$1,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,263

Total Expenses

$1,243

Mortgage P&I

64%

$813

Property Taxes

4%

$50

Home Insurance

4%

$52

HOA

0%

$0

Property Management

10%

$126

CapEx

5%

$63

Vacancy

6%

$76

Maintenance

5%

$63

Other

0%

$0

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