REI Lense

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$1,553 (target)

50 Merry Wood Dr, Arab, AL 35016

3 beds • 2 baths • 2167 sqft

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This property looks like a bad Long-Term investment with a projected -14.87% first-year return on $72,219 initial cash invested.

-14.87%

Cash On Cash

3.57%

Cap Rate

0.56

DSCR

$1,553

Rent

-$895

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,553 income − $2,448 expenses = $895 out of pocket

Income$1,553Out of Pocket$895Mortgage P&I$1,840118%Property Taxes$825%Insurance$1228%Management$15510%CapEx$785%Vacancy$936%Maintenance$785%

Investment Breakdown

|

Purchase Price

$344k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,219

Downpayment

20%

$68,780

Closing costs

1%

$3,439

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,553

Total Expenses

$2,448

Mortgage P&I

118%

$1,840

Property Taxes

5%

$82

Home Insurance

8%

$122

HOA

0%

$0

Property Management

10%

$155

CapEx

5%

$78

Vacancy

6%

$93

Maintenance

5%

$78

Other

0%

$0

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