REI Lense

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$2,380 (target)

260 County Road 231, Florence, AL 35633

3 beds • 2 baths • 2298 sqft

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This property looks like a bad Mid-Term investment with a projected -0.9% first-year return on $78,795 initial cash invested.

-0.9%

Cash On Cash

6.3%

Cap Rate

1.02

DSCR

$2,380

Rent

-$59

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,380 income − $2,439 expenses = $59 out of pocket

Income$2,380Out of Pocket$59Mortgage P&I$1,48562%Property Taxes$442%Insurance$1014%Management$28612%CapEx$954%Vacancy$713%Maintenance$954%Other$26211%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,795

Downpayment

20%

$57,900

Closing costs

1%

$2,895

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,380

Total Expenses

$2,439

Mortgage P&I

62%

$1,485

Property Taxes

2%

$44

Home Insurance

4%

$101

HOA

0%

$0

Property Management

12%

$286

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$262

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