REI Lense

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$1,894 (target)

23470 Old Dragstrip Rd, Andalusia, AL 36421

3 beds • 2 baths • 1276 sqft

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This property might be a fair Mid-Term investment with a projected 8.16% first-year return on $49,290 initial cash invested.

8.16%

Cash On Cash

9.86%

Cap Rate

1.51

DSCR

$1,894

Rent

$335

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,894 income − $1,559 expenses = $335 cash flow

Income$1,894Mortgage P&I$81343%Property Taxes$503%Insurance$523%Management$22712%CapEx$764%Vacancy$573%Maintenance$764%Other$20811%Cash Flow$335

Investment Breakdown

|

Purchase Price

$149k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,290

Downpayment

20%

$29,800

Closing costs

1%

$1,490

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$1,894

Total Expenses

$1,559

Mortgage P&I

43%

$813

Property Taxes

3%

$50

Home Insurance

3%

$52

HOA

0%

$0

Property Management

12%

$227

CapEx

4%

$76

Vacancy

3%

$57

Maintenance

4%

$76

Other

11%

$208

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