REI Lense

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$1,573 (target)

282 Blake Dr, Midland City, AL 36350

3 beds • 2 baths • 1183 sqft

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This property might be a fair Long-Term investment with a projected 3.15% first-year return on $37,380 initial cash invested.

3.15%

Cash On Cash

7.73%

Cap Rate

1.18

DSCR

$1,573

Rent

$98

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,573 income − $1,475 expenses = $98 cash flow

Income$1,573Mortgage P&I$97062%Property Taxes$332%Insurance$634%Management$15710%CapEx$795%Vacancy$946%Maintenance$795%Cash Flow$98

Investment Breakdown

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Purchase Price

$178k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,380

Downpayment

20%

$35,600

Closing costs

1%

$1,780

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,573

Total Expenses

$1,475

Mortgage P&I

62%

$970

Property Taxes

2%

$33

Home Insurance

4%

$63

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$79

Vacancy

6%

$94

Maintenance

5%

$79

Other

0%

$0

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