REI Lense

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$2,142 (target)

4115 Richmond St, Northport, AL 35473

3 beds • 2 baths • 1562 sqft

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This property looks like a bad Mid-Term investment with a projected -7.04% first-year return on $82,155 initial cash invested.

-7.04%

Cash On Cash

4.92%

Cap Rate

0.76

DSCR

$2,142

Rent

-$482

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,142 income − $2,624 expenses = $482 out of pocket

Income$2,142Out of Pocket$482Mortgage P&I$1,64977%Property Taxes$774%Insurance$1085%HOA$613%Management$25712%CapEx$864%Vacancy$643%Maintenance$864%Other$23611%

Investment Breakdown

|

Purchase Price

$306k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,155

Downpayment

20%

$61,100

Closing costs

1%

$3,055

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,142

Total Expenses

$2,624

Mortgage P&I

77%

$1,649

Property Taxes

4%

$77

Home Insurance

5%

$108

HOA

3%

$61

Property Management

12%

$257

CapEx

4%

$86

Vacancy

3%

$64

Maintenance

4%

$86

Other

11%

$236

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