REI Lense

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$2,446 (target)

304 Sterling Dr, Montgomery, AL 36109

3 beds • 2 baths • 2346 sqft

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This property might be a fair Mid-Term investment with a projected 3.25% first-year return on $67,119 initial cash invested.

3.25%

Cash On Cash

7.95%

Cap Rate

1.22

DSCR

$2,446

Rent

$182

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,446 income − $2,264 expenses = $182 cash flow

Income$2,446Mortgage P&I$1,26952%Property Taxes$793%Insurance$843%Management$29412%CapEx$984%Vacancy$733%Maintenance$984%Other$26911%Cash Flow$182

Investment Breakdown

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Purchase Price

$234k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,119

Downpayment

20%

$46,780

Closing costs

1%

$2,339

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,446

Total Expenses

$2,264

Mortgage P&I

52%

$1,269

Property Taxes

3%

$79

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$294

CapEx

4%

$98

Vacancy

3%

$73

Maintenance

4%

$98

Other

11%

$269

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