REI Lense

REI Lense

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$1,409 (target)

2805 20th St N, Bessemer, AL 35023

3 beds • 2 baths • 1530 sqft

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This property looks like a bad Long-Term investment with a projected -10.41% first-year return on $47,250 initial cash invested.

-10.41%

Cash On Cash

4.69%

Cap Rate

0.72

DSCR

$1,409

Rent

-$410

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,409 income − $1,819 expenses = $410 out of pocket

Income$1,409Out of Pocket$410Mortgage P&I$1,22087%Property Taxes$15411%Insurance$796%Management$14110%CapEx$705%Vacancy$856%Maintenance$705%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,409

Total Expenses

$1,819

Mortgage P&I

87%

$1,220

Property Taxes

11%

$154

Home Insurance

6%

$79

HOA

0%

$0

Property Management

10%

$141

CapEx

5%

$70

Vacancy

6%

$85

Maintenance

5%

$70

Other

0%

$0

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