REI Lense

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$3,000 (target)

2407 13th St SE, Decatur, AL 35601

3 beds • 2 baths • 2107 sqft

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This property might be a fair Mid-Term investment with a projected 0.53% first-year return on $88,098 initial cash invested.

0.53%

Cash On Cash

6.62%

Cap Rate

1.09

DSCR

$3,000

Rent

$39

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,000 income − $2,961 expenses = $39 cash flow

Income$3,000Mortgage P&I$1,68256%Property Taxes$1194%Insurance$1405%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%Cash Flow$39

Investment Breakdown

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Purchase Price

$334k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,098

Downpayment

20%

$66,760

Closing costs

1%

$3,338

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,000

Total Expenses

$2,961

Mortgage P&I

56%

$1,682

Property Taxes

4%

$119

Home Insurance

5%

$140

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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