REI Lense

REI Lense

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$1,609 (target)

428 Altamont Dr, Pleasant Grove, AL 35127

3 beds • 2 baths • 2146 sqft

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This property looks like a bad Long-Term investment with a projected -8.82% first-year return on $53,634 initial cash invested.

-8.82%

Cash On Cash

4.83%

Cap Rate

0.77

DSCR

$1,609

Rent

-$394

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,609 income − $2,003 expenses = $394 out of pocket

Income$1,609Out of Pocket$394Mortgage P&I$1,34283%Property Taxes$1509%Insurance$936%Management$16110%CapEx$805%Vacancy$976%Maintenance$805%

Investment Breakdown

|

Purchase Price

$255k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,634

Downpayment

20%

$51,080

Closing costs

1%

$2,554

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,609

Total Expenses

$2,003

Mortgage P&I

83%

$1,342

Property Taxes

9%

$150

Home Insurance

6%

$93

HOA

0%

$0

Property Management

10%

$161

CapEx

5%

$80

Vacancy

6%

$97

Maintenance

5%

$80

Other

0%

$0

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