REI Lense

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$2,590 (target)

2721 East Rd, Mobile, AL 36693

3 beds • 2 baths • 1550 sqft

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This property might be a fair Mid-Term investment with a projected 3.25% first-year return on $70,059 initial cash invested.

3.25%

Cash On Cash

7.93%

Cap Rate

1.22

DSCR

$2,590

Rent

$190

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,590 income − $2,400 expenses = $190 cash flow

Income$2,590Mortgage P&I$1,34552%Property Taxes$853%Insurance$883%Management$31112%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28511%Cash Flow$190

Investment Breakdown

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Purchase Price

$248k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,059

Downpayment

20%

$49,580

Closing costs

1%

$2,479

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,590

Total Expenses

$2,400

Mortgage P&I

52%

$1,345

Property Taxes

3%

$85

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$311

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$285

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