REI Lense

REI Lense

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$1,275 (target)

502 Hill Ave, Glencoe, AL 35905

3 beds • 2 baths • 0 sqft

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This property could be a profitable Long-Term investment with a projected 11.04% first-year return on $24,570 initial cash invested.

11.04%

Cash On Cash

9.32%

Cap Rate

1.47

DSCR

$1,275

Rent

$226

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,275 income − $1,049 expenses = $226 cash flow

Income$1,275Mortgage P&I$61949%Property Taxes$695%Insurance$292%Management$12810%CapEx$645%Vacancy$766%Maintenance$645%Cash Flow$226

Investment Breakdown

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Purchase Price

$117k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$24,570

Downpayment

20%

$23,400

Closing costs

1%

$1,170

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,275

Total Expenses

$1,049

Mortgage P&I

49%

$619

Property Taxes

5%

$69

Home Insurance

2%

$29

HOA

0%

$0

Property Management

10%

$128

CapEx

5%

$64

Vacancy

6%

$76

Maintenance

5%

$64

Other

0%

$0

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