REI Lense

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$2,462 (target)

500 Mann Dr, Mobile, AL 36608

3 beds • 2 baths • 2152 sqft

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This property might be a fair Mid-Term investment with a projected 7.19% first-year return on $61,050 initial cash invested.

7.19%

Cash On Cash

9.16%

Cap Rate

1.42

DSCR

$2,462

Rent

$366

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,462 income − $2,096 expenses = $366 cash flow

Income$2,462Mortgage P&I$1,10045%Property Taxes$884%Insurance$723%Management$29512%CapEx$984%Vacancy$743%Maintenance$984%Other$27111%Cash Flow$366

Investment Breakdown

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Purchase Price

$205k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,050

Downpayment

20%

$41,000

Closing costs

1%

$2,050

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,462

Total Expenses

$2,096

Mortgage P&I

45%

$1,100

Property Taxes

4%

$88

Home Insurance

3%

$72

HOA

0%

$0

Property Management

12%

$295

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$271

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