REI Lense

REI Lense

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$1,775 (target)

4589 Canal Cir W, Mobile, AL 36619

3 beds • 2 baths • 1486 sqft

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This property looks like a bad Long-Term investment with a projected -9.09% first-year return on $60,755 initial cash invested.

-9.09%

Cash On Cash

4.88%

Cap Rate

0.76

DSCR

$1,775

Rent

-$460

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,775 income − $2,235 expenses = $460 out of pocket

Income$1,775Out of Pocket$460Mortgage P&I$1,54887%Property Taxes$1247%Insurance$1016%Management$17810%CapEx$895%Vacancy$1066%Maintenance$895%

Investment Breakdown

|

Purchase Price

$289k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,755

Downpayment

20%

$57,862

Closing costs

1%

$2,893

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,775

Total Expenses

$2,235

Mortgage P&I

87%

$1,548

Property Taxes

7%

$124

Home Insurance

6%

$101

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$106

Maintenance

5%

$89

Other

0%

$0

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