REI Lense

REI Lense

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$1,718 (target)

29636 Veto Rd, Elkmont, AL 35620

3 beds • 2 baths • 1868 sqft

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This property looks like a bad Long-Term investment with a projected -6.62% first-year return on $54,390 initial cash invested.

-6.62%

Cash On Cash

5.49%

Cap Rate

0.85

DSCR

$1,718

Rent

-$300

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,718 income − $2,018 expenses = $300 out of pocket

Income$1,718Out of Pocket$300Mortgage P&I$1,39881%Property Taxes$825%Insurance$915%Management$17210%CapEx$865%Vacancy$1036%Maintenance$865%

Investment Breakdown

|

Purchase Price

$259k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,390

Downpayment

20%

$51,800

Closing costs

1%

$2,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,718

Total Expenses

$2,018

Mortgage P&I

81%

$1,398

Property Taxes

5%

$82

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$103

Maintenance

5%

$86

Other

0%

$0

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