REI Lense

REI Lense

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$2,554 (target)

3513 McGehee Place Ct, Montgomery, AL 36111

3 beds • 3 baths • 2532 sqft

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This property might be a fair Long-Term investment with a projected 5.24% first-year return on $59,115 initial cash invested.

5.24%

Cash On Cash

7.59%

Cap Rate

1.28

DSCR

$2,554

Rent

$258

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,554 income − $2,296 expenses = $258 cash flow

Income$2,554Mortgage P&I$1,39555%Property Taxes$1144%Insurance$1024%HOA$211%Management$25510%CapEx$1285%Vacancy$1536%Maintenance$1285%Cash Flow$258

Investment Breakdown

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Purchase Price

$282k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,115

Downpayment

20%

$56,300

Closing costs

1%

$2,815

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,554

Total Expenses

$2,296

Mortgage P&I

55%

$1,395

Property Taxes

4%

$114

Home Insurance

4%

$102

HOA

1%

$21

Property Management

10%

$255

CapEx

5%

$128

Vacancy

6%

$153

Maintenance

5%

$128

Other

0%

$0

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