REI Lense

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$5,066 (target)

3100 Hickory Ln, Opelika, AL 36801

3 beds • 3.5 baths • 3543 sqft

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This property might be a fair Mid-Term investment with a projected 7.5% first-year return on $108k initial cash invested.

7.5%

Cash On Cash

9.17%

Cap Rate

1.37

DSCR

$5,066

Rent

$675

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,066 income − $4,391 expenses = $675 cash flow

Income$5,066Mortgage P&I$2,39647%Property Taxes$1222%Insurance$1503%Management$60812%CapEx$2034%Vacancy$1523%Maintenance$2034%Other$55711%Cash Flow$675

Investment Breakdown

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Purchase Price

$429k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,720

Closing costs

1%

$4,286

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,066

Total Expenses

$4,391

Mortgage P&I

47%

$2,396

Property Taxes

2%

$122

Home Insurance

3%

$150

HOA

0%

$0

Property Management

12%

$608

CapEx

4%

$203

Vacancy

3%

$152

Maintenance

4%

$203

Other

11%

$557

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