REI Lense

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$2,378 (target)

2913 Spring Lakes Xing, Opelika, AL 36801

3 beds • 3 baths • 2030 sqft

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This property looks like a bad Long-Term investment with a projected -17.19% first-year return on $99,519 initial cash invested.

-17.19%

Cash On Cash

3.44%

Cap Rate

0.51

DSCR

$2,378

Rent

-$1,426

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,378 income − $3,804 expenses = $1,426 out of pocket

Income$2,378Out of Pocket$1,426Mortgage P&I$2,665112%Property Taxes$1707%Insurance$1757%HOA$1757%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

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Purchase Price

$474k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,519

Downpayment

20%

$94,780

Closing costs

1%

$4,739

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,378

Total Expenses

$3,804

Mortgage P&I

112%

$2,665

Property Taxes

7%

$170

Home Insurance

7%

$175

HOA

7%

$175

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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