REI Lense

REI Lense

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$2,000 (target)

2407 13th St SE, Decatur, AL 35601

3 beds • 2 baths • 2107 sqft

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This property looks like a bad Long-Term investment with a projected -7.89% first-year return on $70,098 initial cash invested.

-7.89%

Cash On Cash

4.75%

Cap Rate

0.79

DSCR

$2,000

Rent

-$461

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,000 income − $2,461 expenses = $461 out of pocket

Income$2,000Out of Pocket$461Mortgage P&I$1,68284%Property Taxes$1196%Insurance$1407%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$334k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,098

Downpayment

20%

$66,760

Closing costs

1%

$3,338

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,000

Total Expenses

$2,461

Mortgage P&I

84%

$1,682

Property Taxes

6%

$119

Home Insurance

7%

$140

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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