REI Lense

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$1,959 (target)

2605 Ready Section Rd, Toney, AL 35773

3 beds • 2 baths • 1875 sqft

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This property looks like a bad Mid-Term investment with a projected -10.78% first-year return on $97,695 initial cash invested.

-10.78%

Cash On Cash

3.75%

Cap Rate

0.6

DSCR

$1,959

Rent

-$878

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,959 income − $2,837 expenses = $878 out of pocket

Income$1,959Out of Pocket$878Mortgage P&I$1,986101%Property Taxes$503%Insurance$1367%Management$23512%CapEx$784%Vacancy$593%Maintenance$784%Other$21511%

Investment Breakdown

|

Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,695

Downpayment

20%

$75,900

Closing costs

1%

$3,795

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,959

Total Expenses

$2,837

Mortgage P&I

101%

$1,986

Property Taxes

3%

$50

Home Insurance

7%

$136

HOA

0%

$0

Property Management

12%

$235

CapEx

4%

$78

Vacancy

3%

$59

Maintenance

4%

$78

Other

11%

$215

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