REI Lense

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$1,989 (target)

404 Walker Way, Pelham, AL 35124

3 beds • 2 baths • 1556 sqft

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This property looks like a bad Long-Term investment with a projected -2.39% first-year return on $56,175 initial cash invested.

-2.39%

Cash On Cash

6.1%

Cap Rate

0.99

DSCR

$1,989

Rent

-$112

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,989 income − $2,101 expenses = $112 out of pocket

Income$1,989Out of Pocket$112Mortgage P&I$1,37369%Property Taxes$1186%Insurance$945%Management$19910%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,175

Downpayment

20%

$53,500

Closing costs

1%

$2,675

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,989

Total Expenses

$2,101

Mortgage P&I

69%

$1,373

Property Taxes

6%

$118

Home Insurance

5%

$94

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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