REI Lense

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$1,429 (target)

404 Springdale Dr, Enterprise, AL 36330

3 beds • 2 baths • 1271 sqft

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This property might be a fair Long-Term investment with a projected 2.39% first-year return on $32,655 initial cash invested.

2.39%

Cash On Cash

7.46%

Cap Rate

1.16

DSCR

$1,429

Rent

$65

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,429 income − $1,364 expenses = $65 cash flow

Income$1,429Mortgage P&I$83158%Property Taxes$1067%Insurance$564%Management$14310%CapEx$715%Vacancy$866%Maintenance$715%Cash Flow$65

Investment Breakdown

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Purchase Price

$156k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$32,655

Downpayment

20%

$31,100

Closing costs

1%

$1,555

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,429

Total Expenses

$1,364

Mortgage P&I

58%

$831

Property Taxes

7%

$106

Home Insurance

4%

$56

HOA

0%

$0

Property Management

10%

$143

CapEx

5%

$71

Vacancy

6%

$86

Maintenance

5%

$71

Other

0%

$0

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