REI Lense

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$1,922 (target)

238 Cherokee Rd, Scottsboro, AL 35769

3 beds • 2 baths • 1842 sqft

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This property looks like a bad Long-Term investment with a projected -10.6% first-year return on $75,159 initial cash invested.

-10.6%

Cash On Cash

4.42%

Cap Rate

0.7

DSCR

$1,922

Rent

-$664

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,922 income − $2,586 expenses = $664 out of pocket

Income$1,922Out of Pocket$664Mortgage P&I$1,88598%Property Taxes$774%Insurance$1257%Management$19210%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

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Purchase Price

$358k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,159

Downpayment

20%

$71,580

Closing costs

1%

$3,579

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,922

Total Expenses

$2,586

Mortgage P&I

98%

$1,885

Property Taxes

4%

$77

Home Insurance

7%

$125

HOA

0%

$0

Property Management

10%

$192

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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