REI Lense

REI Lense

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$1,428 (target)

4115 Richmond St, Northport, AL 35473

3 beds • 2 baths • 1562 sqft

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This property looks like a bad Long-Term investment with a projected -15.67% first-year return on $64,155 initial cash invested.

-15.67%

Cash On Cash

3.46%

Cap Rate

0.53

DSCR

$1,428

Rent

-$838

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,428 income − $2,266 expenses = $838 out of pocket

Income$1,428Out of Pocket$838Mortgage P&I$1,649115%Property Taxes$775%Insurance$1088%HOA$614%Management$14310%CapEx$715%Vacancy$866%Maintenance$715%

Investment Breakdown

|

Purchase Price

$306k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,155

Downpayment

20%

$61,100

Closing costs

1%

$3,055

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,428

Total Expenses

$2,266

Mortgage P&I

115%

$1,649

Property Taxes

5%

$77

Home Insurance

8%

$108

HOA

4%

$61

Property Management

10%

$143

CapEx

5%

$71

Vacancy

6%

$86

Maintenance

5%

$71

Other

0%

$0

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