REI Lense

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$1,441 (target)

43 Magnolia St, Midland City, AL 36350

3 beds • 2 baths • 1450 sqft

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This property looks like a bad Long-Term investment with a projected -7.08% first-year return on $46,452 initial cash invested.

-7.08%

Cash On Cash

5.43%

Cap Rate

0.83

DSCR

$1,441

Rent

-$274

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,441 income − $1,715 expenses = $274 out of pocket

Income$1,441Out of Pocket$274Mortgage P&I$1,20383%Property Taxes$594%Insurance$795%Management$14410%CapEx$725%Vacancy$866%Maintenance$725%

Investment Breakdown

|

Purchase Price

$221k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,452

Downpayment

20%

$44,240

Closing costs

1%

$2,212

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,441

Total Expenses

$1,715

Mortgage P&I

83%

$1,203

Property Taxes

4%

$59

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$144

CapEx

5%

$72

Vacancy

6%

$86

Maintenance

5%

$72

Other

0%

$0

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