REI Lense

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$2,093 (target)

3016 Virginia Dr, Bessemer, AL 35023

3 beds • 2 baths • 1835 sqft

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This property might be a fair Long-Term investment with a projected 1.9% first-year return on $53,550 initial cash invested.

1.9%

Cash On Cash

6.94%

Cap Rate

1.15

DSCR

$2,093

Rent

$85

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,093 income − $2,008 expenses = $85 cash flow

Income$2,093Mortgage P&I$1,28561%Property Taxes$894%Insurance$894%Management$20910%CapEx$1055%Vacancy$1266%Maintenance$1055%Cash Flow$85

Investment Breakdown

|

Purchase Price

$255k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,550

Downpayment

20%

$51,000

Closing costs

1%

$2,550

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,093

Total Expenses

$2,008

Mortgage P&I

61%

$1,285

Property Taxes

4%

$89

Home Insurance

4%

$89

HOA

0%

$0

Property Management

10%

$209

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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