REI Lense

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$1,708 (target)

263 Cove Dr, Abbeville, AL 36310

3 beds • 3 baths • 2038 sqft

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This property looks like a bad Mid-Term investment with a projected -20.83% first-year return on $154k initial cash invested.

-20.83%

Cash On Cash

1.45%

Cap Rate

0.23

DSCR

$1,708

Rent

-$2,681

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,708 income − $4,389 expenses = $2,681 out of pocket

Income$1,708Out of Pocket$2,681Mortgage P&I$3,398199%Property Taxes$18411%Insurance$22713%Management$20512%CapEx$684%Vacancy$513%Maintenance$684%Other$18811%

Investment Breakdown

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Purchase Price

$650k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$154k

Downpayment

20%

$130k

Closing costs

1%

$6,498

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$1,708

Total Expenses

$4,389

Mortgage P&I

199%

$3,398

Property Taxes

11%

$184

Home Insurance

13%

$227

HOA

0%

$0

Property Management

12%

$205

CapEx

4%

$68

Vacancy

3%

$51

Maintenance

4%

$68

Other

11%

$188

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