REI Lense

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$2,805 (target)

24674 State Highway 127, Elkmont, AL 35620

3 beds • 3 baths • 2871 sqft

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This property looks like a bad Mid-Term investment with a projected -20.91% first-year return on $198k initial cash invested.

-20.91%

Cash On Cash

2.13%

Cap Rate

0.31

DSCR

$2,805

Rent

-$3,443

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,805 income − $6,248 expenses = $3,443 out of pocket

Income$2,805Out of Pocket$3,443Mortgage P&I$4,852173%Property Taxes$1435%Insurance$29911%Management$33712%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30911%

Investment Breakdown

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Purchase Price

$855k

Downpayment

20.0%

Interest Rate

7.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$198k

Downpayment

20%

$171k

Closing costs

1%

$8,550

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,805

Total Expenses

$6,248

Mortgage P&I

173%

$4,852

Property Taxes

5%

$143

Home Insurance

11%

$299

HOA

0%

$0

Property Management

12%

$337

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$309

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