REI Lense

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$2,187 (target)

257 Lamon Dr, Decatur, AL 35603

3 beds • 2 baths • 1755 sqft

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This property looks like a bad Mid-Term investment with a projected -11.14% first-year return on $110k initial cash invested.

-11.14%

Cash On Cash

3.54%

Cap Rate

0.58

DSCR

$2,187

Rent

-$1,024

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,187 income − $3,211 expenses = $1,024 out of pocket

Income$2,187Out of Pocket$1,024Mortgage P&I$2,232102%Property Taxes$753%Insurance$1617%Management$26212%CapEx$874%Vacancy$663%Maintenance$874%Other$24111%

Investment Breakdown

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Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,920

Closing costs

1%

$4,396

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,187

Total Expenses

$3,211

Mortgage P&I

102%

$2,232

Property Taxes

3%

$75

Home Insurance

7%

$161

HOA

0%

$0

Property Management

12%

$262

CapEx

4%

$87

Vacancy

3%

$66

Maintenance

4%

$87

Other

11%

$241

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