REI Lense

REI Lense

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$3,922 (target)

2370 Freestone Ridge Cv, Hoover, AL 35226

3 beds • 3 baths • 2287 sqft

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This property looks like a bad Mid-Term investment with a projected -4.97% first-year return on $129k initial cash invested.

-4.97%

Cash On Cash

4.95%

Cap Rate

0.85

DSCR

$3,922

Rent

-$535

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

$129k

Downpayment

20%

$106k

Closing costs

1%

$5,290

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,922

Total Expenses

$4,457

Mortgage P&I

65%

$2,560

Property Taxes

7%

$280

Home Insurance

5%

$185

HOA

3%

$98

Property Management

12%

$471

CapEx

4%

$157

Vacancy

3%

$118

Maintenance

4%

$157

Other

11%

$431

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