REI Lense

REI Lense

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$2,142 (target)

304 Andover Dr, Florence, AL 35633

3 beds • 3 baths • 2000 sqft

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This property looks like a bad Long-Term investment with a projected -7.15% first-year return on $71,484 initial cash invested.

-7.15%

Cash On Cash

4.82%

Cap Rate

0.81

DSCR

$2,142

Rent

-$426

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,142 income − $2,568 expenses = $426 out of pocket

Income$2,142Out of Pocket$426Mortgage P&I$1,68679%Property Taxes$1517%Insurance$1226%HOA$522%Management$21410%CapEx$1075%Vacancy$1296%Maintenance$1075%

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,484

Downpayment

20%

$68,080

Closing costs

1%

$3,404

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,142

Total Expenses

$2,568

Mortgage P&I

79%

$1,686

Property Taxes

7%

$151

Home Insurance

6%

$122

HOA

2%

$52

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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