REI Lense

REI Lense

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$1,547 (target)

2910 S County Road 9 Rd, Newton, AL 36352

3 beds • 2 baths • 2376 sqft

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This property looks like a bad Long-Term investment with a projected -10.77% first-year return on $64,050 initial cash invested.

-10.77%

Cash On Cash

4.04%

Cap Rate

0.67

DSCR

$1,547

Rent

-$575

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,547 income − $2,122 expenses = $575 out of pocket

Income$1,547Out of Pocket$575Mortgage P&I$1,52599%Property Taxes$886%Insurance$1077%Management$15510%CapEx$775%Vacancy$936%Maintenance$775%

Investment Breakdown

|

Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,050

Downpayment

20%

$61,000

Closing costs

1%

$3,050

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,547

Total Expenses

$2,122

Mortgage P&I

99%

$1,525

Property Taxes

6%

$88

Home Insurance

7%

$107

HOA

0%

$0

Property Management

10%

$155

CapEx

5%

$77

Vacancy

6%

$93

Maintenance

5%

$77

Other

0%

$0

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