REI Lense

REI Lense

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$1,504 (target)

324 Syracuse St, Mobile, AL 36608

3 beds • 2 baths • 1646 sqft

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This property looks like a bad Long-Term investment with a projected -7.51% first-year return on $49,350 initial cash invested.

-7.51%

Cash On Cash

5.29%

Cap Rate

0.82

DSCR

$1,504

Rent

-$309

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,504 income − $1,813 expenses = $309 out of pocket

Income$1,504Out of Pocket$309Mortgage P&I$1,27084%Property Taxes$715%Insurance$825%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,504

Total Expenses

$1,813

Mortgage P&I

84%

$1,270

Property Taxes

5%

$71

Home Insurance

5%

$82

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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