REI Lense

REI Lense

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$1,513 (target)

29434 8th Ave E, Ardmore, AL 35739

3 beds • 2 baths • 1713 sqft

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This property looks like a bad Long-Term investment with a projected -8.29% first-year return on $50,379 initial cash invested.

-8.29%

Cash On Cash

5.31%

Cap Rate

0.8

DSCR

$1,513

Rent

-$348

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,513 income − $1,861 expenses = $348 out of pocket

Income$1,513Out of Pocket$348Mortgage P&I$1,33488%Property Taxes$493%Insurance$846%Management$15110%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,513

Total Expenses

$1,861

Mortgage P&I

88%

$1,334

Property Taxes

3%

$49

Home Insurance

6%

$84

HOA

0%

$0

Property Management

10%

$151

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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