REI Lense

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$2,576 (target)

429 S Fork Cir, Hoover, AL 35244

3 beds • 2 baths • 2566 sqft

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This property looks like a bad Long-Term investment with a projected -2.41% first-year return on $72,702 initial cash invested.

-2.41%

Cash On Cash

5.95%

Cap Rate

0.99

DSCR

$2,576

Rent

-$146

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,576 income − $2,722 expenses = $146 out of pocket

Income$2,576Out of Pocket$146Mortgage P&I$1,73367%Property Taxes$1968%Insurance$1225%Management$25810%CapEx$1295%Vacancy$1556%Maintenance$1295%

Investment Breakdown

|

Purchase Price

$346k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,702

Downpayment

20%

$69,240

Closing costs

1%

$3,462

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,576

Total Expenses

$2,722

Mortgage P&I

67%

$1,733

Property Taxes

8%

$196

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$258

CapEx

5%

$129

Vacancy

6%

$155

Maintenance

5%

$129

Other

0%

$0

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