REI Lense

REI Lense

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$1,139 (target)

263 Cove Dr, Abbeville, AL 36310

3 beds • 3 baths • 2038 sqft

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This property looks like a bad Long-Term investment with a projected -26.08% first-year return on $136k initial cash invested.

-26.08%

Cash On Cash

0.9%

Cap Rate

0.14

DSCR

$1,139

Rent

-$2,966

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,139 income − $4,105 expenses = $2,966 out of pocket

Income$1,139Out of Pocket$2,966Mortgage P&I$3,398298%Property Taxes$18416%Insurance$22720%Management$11410%CapEx$575%Vacancy$686%Maintenance$575%

Investment Breakdown

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Purchase Price

$650k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$136k

Downpayment

20%

$130k

Closing costs

1%

$6,498

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,139

Total Expenses

$4,105

Mortgage P&I

298%

$3,398

Property Taxes

16%

$184

Home Insurance

20%

$227

HOA

0%

$0

Property Management

10%

$114

CapEx

5%

$57

Vacancy

6%

$68

Maintenance

5%

$57

Other

0%

$0

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