REI Lense

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$3,195 (target)

3002 Hickory Ln, Opelika, AL 36801

beds • 1.5 baths • 3026 sqft

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This property looks like a bad Mid-Term investment with a projected -3.92% first-year return on $84,736 initial cash invested.

-3.92%

Cash On Cash

5.77%

Cap Rate

0.93

DSCR

$3,195

Rent

-$277

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,195 income − $3,472 expenses = $277 out of pocket

Income$3,195Out of Pocket$277Mortgage P&I$2,09065%Property Taxes$1555%Insurance$1414%Management$38312%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35111%

Investment Breakdown

|

Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,736

Downpayment

20%

$80,700

Closing costs

1%

$4,035

Rehab

0%

$0

Furnishing

0%

$1

Cashflow

Total Income

$3,195

Total Expenses

$3,472

Mortgage P&I

65%

$2,090

Property Taxes

5%

$155

Home Insurance

4%

$141

HOA

0%

$0

Property Management

12%

$383

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$351

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