REI Lense

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$1,442 (target)

275 Pats Dr, Ashville, AL 35953

3 beds • 2 baths • 1232 sqft

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This property looks like a bad Long-Term investment with a projected -7.3% first-year return on $48,300 initial cash invested.

-7.3%

Cash On Cash

5.35%

Cap Rate

0.82

DSCR

$1,442

Rent

-$294

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,442 income − $1,736 expenses = $294 out of pocket

Income$1,442Out of Pocket$294Mortgage P&I$1,24786%Property Taxes$342%Insurance$806%Management$14410%CapEx$725%Vacancy$876%Maintenance$725%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,300

Downpayment

20%

$46,000

Closing costs

1%

$2,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,442

Total Expenses

$1,736

Mortgage P&I

86%

$1,247

Property Taxes

2%

$34

Home Insurance

6%

$80

HOA

0%

$0

Property Management

10%

$144

CapEx

5%

$72

Vacancy

6%

$87

Maintenance

5%

$72

Other

0%

$0

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