REI Lense

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$2,246 (target)

322 Fairlane Cir, Alexander City, AL 35010

3 beds • 2 baths • 1523 sqft

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This property might be a fair Mid-Term investment with a projected 1.94% first-year return on $64,956 initial cash invested.

1.94%

Cash On Cash

7.59%

Cap Rate

1.16

DSCR

$2,246

Rent

$105

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,246 income − $2,141 expenses = $105 cash flow

Income$2,246Mortgage P&I$1,22054%Property Taxes$773%Insurance$804%Management$27012%CapEx$904%Vacancy$673%Maintenance$904%Other$24711%Cash Flow$105

Investment Breakdown

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Purchase Price

$224k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,956

Downpayment

20%

$44,720

Closing costs

1%

$2,236

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,246

Total Expenses

$2,141

Mortgage P&I

54%

$1,220

Property Taxes

3%

$77

Home Insurance

4%

$80

HOA

0%

$0

Property Management

12%

$270

CapEx

4%

$90

Vacancy

3%

$67

Maintenance

4%

$90

Other

11%

$247

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