REI Lense

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$1,945 (target)

236 Irish Hill Dr, Meridianville, AL 35759

3 beds • 2 baths • 1620 sqft

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This property looks like a bad Long-Term investment with a projected -3.53% first-year return on $59,415 initial cash invested.

-3.53%

Cash On Cash

5.62%

Cap Rate

0.94

DSCR

$1,945

Rent

-$175

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,945 income − $2,120 expenses = $175 out of pocket

Income$1,945Out of Pocket$175Mortgage P&I$1,40272%Property Taxes$1015%Insurance$995%HOA$131%Management$19410%CapEx$975%Vacancy$1176%Maintenance$975%

Investment Breakdown

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Purchase Price

$283k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,415

Downpayment

20%

$56,586

Closing costs

1%

$2,829

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,945

Total Expenses

$2,120

Mortgage P&I

72%

$1,402

Property Taxes

5%

$101

Home Insurance

5%

$99

HOA

1%

$13

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$117

Maintenance

5%

$97

Other

0%

$0

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