REI Lense

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$2,441 (target)

3683 Lake Oak Ridge Dr, Enterprise, AL 36330

3 beds • 3 baths • 2735 sqft

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This property looks like a bad Long-Term investment with a projected -8.44% first-year return on $83,853 initial cash invested.

-8.44%

Cash On Cash

4.81%

Cap Rate

0.77

DSCR

$2,441

Rent

-$590

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,441 income − $3,031 expenses = $590 out of pocket

Income$2,441Out of Pocket$590Mortgage P&I$2,06885%Property Taxes$1586%Insurance$1446%HOA$271%Management$24410%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,853

Downpayment

20%

$79,860

Closing costs

1%

$3,993

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,441

Total Expenses

$3,031

Mortgage P&I

85%

$2,068

Property Taxes

6%

$158

Home Insurance

6%

$144

HOA

1%

$27

Property Management

10%

$244

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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