REI Lense

REI Lense

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$1,465 (target)

301 Ballard Ave, Opelika, AL 36804

3 beds • 2 baths • 1125 sqft

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This property looks like a bad Long-Term investment with a projected -5.82% first-year return on $45,171 initial cash invested.

-5.82%

Cash On Cash

5.7%

Cap Rate

0.88

DSCR

$1,465

Rent

-$219

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,465 income − $1,684 expenses = $219 out of pocket

Income$1,465Out of Pocket$219Mortgage P&I$1,16880%Property Taxes$594%Insurance$775%Management$14610%CapEx$735%Vacancy$886%Maintenance$735%

Investment Breakdown

|

Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,171

Downpayment

20%

$43,020

Closing costs

1%

$2,151

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,465

Total Expenses

$1,684

Mortgage P&I

80%

$1,168

Property Taxes

4%

$59

Home Insurance

5%

$77

HOA

0%

$0

Property Management

10%

$146

CapEx

5%

$73

Vacancy

6%

$88

Maintenance

5%

$73

Other

0%

$0

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