REI Lense

REI Lense

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$2,003 (target)

451 County Road 322, Florence, AL 35634

3 beds • 2 baths • 1877 sqft

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This property looks like a bad Long-Term investment with a projected -10.86% first-year return on $75,390 initial cash invested.

-10.86%

Cash On Cash

4.74%

Cap Rate

0.71

DSCR

$2,003

Rent

-$682

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,003 income − $2,685 expenses = $682 out of pocket

Income$2,003Out of Pocket$682Mortgage P&I$2,000100%Property Taxes$392%Insurance$1266%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$359k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,390

Downpayment

20%

$71,800

Closing costs

1%

$3,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,003

Total Expenses

$2,685

Mortgage P&I

100%

$2,000

Property Taxes

2%

$39

Home Insurance

6%

$126

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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