REI Lense

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$1,681 (target)

31 Noahs Spur, Wetumpka, AL 36092

3 beds • 2 baths • 1491 sqft

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This property looks like a bad Long-Term investment with a projected -6.64% first-year return on $58,947 initial cash invested.

-6.64%

Cash On Cash

5.09%

Cap Rate

0.83

DSCR

$1,681

Rent

-$326

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,681 income − $2,007 expenses = $326 out of pocket

Income$1,681Out of Pocket$326Mortgage P&I$1,43285%Property Taxes$382%Insurance$1006%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$281k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,947

Downpayment

20%

$56,140

Closing costs

1%

$2,807

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,681

Total Expenses

$2,007

Mortgage P&I

85%

$1,432

Property Taxes

2%

$38

Home Insurance

6%

$100

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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