REI Lense

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$2,130 (target)

3002 Hickory Ln, Opelika, AL 36801

beds • 1.5 baths • 3026 sqft

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This property looks like a bad Long-Term investment with a projected -11.46% first-year return on $84,735 initial cash invested.

-11.46%

Cash On Cash

4.12%

Cap Rate

0.66

DSCR

$2,130

Rent

-$809

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,130 income − $2,939 expenses = $809 out of pocket

Income$2,130Out of Pocket$809Mortgage P&I$2,09098%Property Taxes$1557%Insurance$1417%Management$21310%CapEx$1065%Vacancy$1286%Maintenance$1065%

Investment Breakdown

|

Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,735

Downpayment

20%

$80,700

Closing costs

1%

$4,035

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,130

Total Expenses

$2,939

Mortgage P&I

98%

$2,090

Property Taxes

7%

$155

Home Insurance

7%

$141

HOA

0%

$0

Property Management

10%

$213

CapEx

5%

$106

Vacancy

6%

$128

Maintenance

5%

$106

Other

0%

$0

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