REI Lense

REI Lense

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$1,635 (target)

27709 Michael Ln, Toney, AL 35773

3 beds • 2 baths • 1741 sqft

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This property looks like a bad Long-Term investment with a projected -10.76% first-year return on $64,890 initial cash invested.

-10.76%

Cash On Cash

4.21%

Cap Rate

0.68

DSCR

$1,635

Rent

-$582

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,635 income − $2,217 expenses = $582 out of pocket

Income$1,635Out of Pocket$582Mortgage P&I$1,58597%Property Taxes$986%Insurance$1087%Management$16410%CapEx$825%Vacancy$986%Maintenance$825%

Investment Breakdown

|

Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,890

Downpayment

20%

$61,800

Closing costs

1%

$3,090

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,635

Total Expenses

$2,217

Mortgage P&I

97%

$1,585

Property Taxes

6%

$98

Home Insurance

7%

$108

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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