REI Lense

REI Lense

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$2,229 (target)

3815 Frontier St, Northport, AL 35475

3 beds • 3 baths • 2103 sqft

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This property looks like a bad Long-Term investment with a projected -6.43% first-year return on $73,773 initial cash invested.

-6.43%

Cash On Cash

5.24%

Cap Rate

0.84

DSCR

$2,229

Rent

-$395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,229 income − $2,624 expenses = $395 out of pocket

Income$2,229Out of Pocket$395Mortgage P&I$1,81982%Property Taxes$1004%Insurance$1266%Management$22310%CapEx$1115%Vacancy$1346%Maintenance$1115%

Investment Breakdown

|

Purchase Price

$351k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,773

Downpayment

20%

$70,260

Closing costs

1%

$3,513

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,229

Total Expenses

$2,624

Mortgage P&I

82%

$1,819

Property Taxes

4%

$100

Home Insurance

6%

$126

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$111

Vacancy

6%

$134

Maintenance

5%

$111

Other

0%

$0

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