REI Lense

REI Lense

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$1,140 (target)

405 Mountain Dr, Gadsden, AL 35904

3 beds • 2 baths • 1386 sqft

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This property looks like a bad Long-Term investment with a projected -10.05% first-year return on $40,341 initial cash invested.

-10.05%

Cash On Cash

4.64%

Cap Rate

0.73

DSCR

$1,140

Rent

-$338

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$192k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,341

Downpayment

20%

$38,420

Closing costs

1%

$1,921

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,140

Total Expenses

$1,478

Mortgage P&I

90%

$1,024

Property Taxes

8%

$88

Home Insurance

6%

$70

HOA

0%

$0

Property Management

10%

$114

CapEx

5%

$57

Vacancy

6%

$68

Maintenance

5%

$57

Other

0%

$0

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