REI Lense

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$3,213 (target)

304 Andover Dr, Florence, AL 35633

3 beds • 3 baths • 2000 sqft

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This property might be a fair Mid-Term investment with a projected 1.46% first-year return on $89,484 initial cash invested.

1.46%

Cash On Cash

6.78%

Cap Rate

1.14

DSCR

$3,213

Rent

$109

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,213 income − $3,104 expenses = $109 cash flow

Income$3,213Mortgage P&I$1,68652%Property Taxes$1515%Insurance$1224%HOA$522%Management$38612%CapEx$1294%Vacancy$963%Maintenance$1294%Other$35311%Cash Flow$109

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,484

Downpayment

20%

$68,080

Closing costs

1%

$3,404

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,213

Total Expenses

$3,104

Mortgage P&I

52%

$1,686

Property Taxes

5%

$151

Home Insurance

4%

$122

HOA

2%

$52

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$96

Maintenance

4%

$129

Other

11%

$353

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