REI Lense

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$2,883 (target)

238 Cherokee Rd, Scottsboro, AL 35769

3 beds • 2 baths • 1842 sqft

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This property looks like a bad Mid-Term investment with a projected -2.36% first-year return on $93,159 initial cash invested.

-2.36%

Cash On Cash

6.09%

Cap Rate

0.96

DSCR

$2,883

Rent

-$183

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,883 income − $3,066 expenses = $183 out of pocket

Income$2,883Out of Pocket$183Mortgage P&I$1,88565%Property Taxes$773%Insurance$1254%Management$34612%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31711%

Investment Breakdown

|

Purchase Price

$358k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,159

Downpayment

20%

$71,580

Closing costs

1%

$3,579

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,883

Total Expenses

$3,066

Mortgage P&I

65%

$1,885

Property Taxes

3%

$77

Home Insurance

4%

$125

HOA

0%

$0

Property Management

12%

$346

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$317

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