REI Lense

REI Lense

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$1,655 (target)

3207 Fortner Ln, Moody, AL 35004

3 beds • 2 baths • 1500 sqft

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This property might be a fair Long-Term investment with a projected 1.3% first-year return on $40,719 initial cash invested.

1.3%

Cash On Cash

7.31%

Cap Rate

1.12

DSCR

$1,655

Rent

$44

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,655 income − $1,611 expenses = $44 cash flow

Income$1,655Mortgage P&I$1,05464%Property Taxes$573%Insurance$694%Management$16610%CapEx$835%Vacancy$996%Maintenance$835%Cash Flow$44

Investment Breakdown

|

Purchase Price

$194k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,719

Downpayment

20%

$38,780

Closing costs

1%

$1,939

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,655

Total Expenses

$1,611

Mortgage P&I

64%

$1,054

Property Taxes

3%

$57

Home Insurance

4%

$69

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$99

Maintenance

5%

$83

Other

0%

$0

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