REI Lense

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$2,330 (target)

50 Merry Wood Dr, Arab, AL 35016

3 beds • 2 baths • 2167 sqft

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This property looks like a bad Mid-Term investment with a projected -6.73% first-year return on $90,219 initial cash invested.

-6.73%

Cash On Cash

4.98%

Cap Rate

0.78

DSCR

$2,330

Rent

-$506

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,330 income − $2,836 expenses = $506 out of pocket

Income$2,330Out of Pocket$506Mortgage P&I$1,84079%Property Taxes$824%Insurance$1225%Management$28012%CapEx$934%Vacancy$703%Maintenance$934%Other$25611%

Investment Breakdown

|

Purchase Price

$344k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,219

Downpayment

20%

$68,780

Closing costs

1%

$3,439

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,330

Total Expenses

$2,836

Mortgage P&I

79%

$1,840

Property Taxes

4%

$82

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$280

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$256

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