REI Lense

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$2,697 (target)

331 James Rd, Gadsden, AL 35903

3 beds • 2 baths • 2408 sqft

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This property looks like a bad Long-Term investment with a projected -7.21% first-year return on $98,679 initial cash invested.

-7.21%

Cash On Cash

4.78%

Cap Rate

0.8

DSCR

$2,697

Rent

-$593

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,697 income − $3,290 expenses = $593 out of pocket

Income$2,697Out of Pocket$593Mortgage P&I$2,32886%Property Taxes$964%Insurance$1646%Management$27010%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

|

Purchase Price

$470k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,679

Downpayment

20%

$93,980

Closing costs

1%

$4,699

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,697

Total Expenses

$3,290

Mortgage P&I

86%

$2,328

Property Taxes

4%

$96

Home Insurance

6%

$164

HOA

0%

$0

Property Management

10%

$270

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

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