REI Lense

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$2,924 (target)

4714 Longmeadow Dr, Bessemer, AL 35022

3 beds • 2 baths • 1368 sqft

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This property might be a fair Mid-Term investment with a projected 6.19% first-year return on $69,618 initial cash invested.

6.19%

Cash On Cash

8.9%

Cap Rate

1.35

DSCR

$2,924

Rent

$359

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,924 income − $2,565 expenses = $359 cash flow

Income$2,924Mortgage P&I$1,34746%Property Taxes$953%Insurance$883%HOA$401%Management$35112%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%Cash Flow$359

Investment Breakdown

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Purchase Price

$246k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,618

Downpayment

20%

$49,160

Closing costs

1%

$2,458

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,924

Total Expenses

$2,565

Mortgage P&I

46%

$1,347

Property Taxes

3%

$95

Home Insurance

3%

$88

HOA

1%

$40

Property Management

12%

$351

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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