REI Lense

REI Lense

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$2,615 (target)

2370 Freestone Ridge Cv, Hoover, AL 35226

3 beds • 3 baths • 2287 sqft

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This property looks like a bad Long-Term investment with a projected -12.84% first-year return on $111k initial cash invested.

-12.84%

Cash On Cash

3.41%

Cap Rate

0.59

DSCR

$2,615

Rent

-$1,189

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$529k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$106k

Closing costs

1%

$5,290

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,615

Total Expenses

$3,804

Mortgage P&I

98%

$2,560

Property Taxes

11%

$280

Home Insurance

7%

$185

HOA

4%

$98

Property Management

10%

$262

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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