REI Lense

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$2,256 (target)

324 Syracuse St, Mobile, AL 36608

3 beds • 2 baths • 1646 sqft

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This property might be a fair Mid-Term investment with a projected 1.18% first-year return on $67,350 initial cash invested.

1.18%

Cash On Cash

7.28%

Cap Rate

1.12

DSCR

$2,256

Rent

$66

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,256 income − $2,190 expenses = $66 cash flow

Income$2,256Mortgage P&I$1,27056%Property Taxes$713%Insurance$824%Management$27112%CapEx$904%Vacancy$683%Maintenance$904%Other$24811%Cash Flow$66

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,256

Total Expenses

$2,190

Mortgage P&I

56%

$1,270

Property Taxes

3%

$71

Home Insurance

4%

$82

HOA

0%

$0

Property Management

12%

$271

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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