REI Lense

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$2,925 (target)

314 Ponderosa Dr, Midland City, AL 36350

3 beds • 2 baths • 1688 sqft

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This property might be a fair Mid-Term investment with a projected 7.36% first-year return on $69,933 initial cash invested.

7.36%

Cash On Cash

9.13%

Cap Rate

1.41

DSCR

$2,925

Rent

$429

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,925 income − $2,496 expenses = $429 cash flow

Income$2,925Mortgage P&I$1,33546%Property Taxes$783%Insurance$883%Management$35112%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%Cash Flow$429

Investment Breakdown

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Purchase Price

$247k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,933

Downpayment

20%

$49,460

Closing costs

1%

$2,473

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,925

Total Expenses

$2,496

Mortgage P&I

46%

$1,335

Property Taxes

3%

$78

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$351

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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