REI Lense

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$1,950 (target)

314 Ponderosa Dr, Midland City, AL 36350

3 beds • 2 baths • 1688 sqft

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This property looks like a bad Long-Term investment with a projected -1.36% first-year return on $51,933 initial cash invested.

-1.36%

Cash On Cash

6.67%

Cap Rate

1.03

DSCR

$1,950

Rent

-$59

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,950 income − $2,009 expenses = $59 out of pocket

Income$1,950Out of Pocket$59Mortgage P&I$1,33568%Property Taxes$784%Insurance$885%Management$19510%CapEx$985%Vacancy$1176%Maintenance$985%

Investment Breakdown

|

Purchase Price

$247k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,933

Downpayment

20%

$49,460

Closing costs

1%

$2,473

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,950

Total Expenses

$2,009

Mortgage P&I

68%

$1,335

Property Taxes

4%

$78

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$195

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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