REI Lense

REI Lense

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$1,679 (target)

4223 2nd Ave E, Northport, AL 35473

3 beds • 2 baths • 1794 sqft

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This property looks like a bad Long-Term investment with a projected -7.56% first-year return on $61,887 initial cash invested.

-7.56%

Cash On Cash

4.74%

Cap Rate

0.79

DSCR

$1,679

Rent

-$390

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,679 income − $2,069 expenses = $390 out of pocket

Income$1,679Out of Pocket$390Mortgage P&I$1,47188%Property Taxes$543%Insurance$1076%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,887

Downpayment

20%

$58,940

Closing costs

1%

$2,947

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,679

Total Expenses

$2,069

Mortgage P&I

88%

$1,471

Property Taxes

3%

$54

Home Insurance

6%

$107

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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