REI Lense

REI Lense

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$1,587 (target)

260 County Road 231, Florence, AL 35633

3 beds • 2 baths • 2298 sqft

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This property looks like a bad Long-Term investment with a projected -8.98% first-year return on $60,795 initial cash invested.

-8.98%

Cash On Cash

4.6%

Cap Rate

0.75

DSCR

$1,587

Rent

-$455

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,587 income − $2,042 expenses = $455 out of pocket

Income$1,587Out of Pocket$455Mortgage P&I$1,48594%Property Taxes$443%Insurance$1016%Management$15910%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,795

Downpayment

20%

$57,900

Closing costs

1%

$2,895

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,587

Total Expenses

$2,042

Mortgage P&I

94%

$1,485

Property Taxes

3%

$44

Home Insurance

6%

$101

HOA

0%

$0

Property Management

10%

$159

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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