REI Lense

REI Lense

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$1,782 (target)

5048 Schillinger Rd S, Mobile, AL 36619

3 beds • 2 baths • 1344 sqft

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This property might be a fair Long-Term investment with a projected 8.79% first-year return on $37,548 initial cash invested.

8.79%

Cash On Cash

8.89%

Cap Rate

1.38

DSCR

$1,782

Rent

$275

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,782 income − $1,507 expenses = $275 cash flow

Income$1,782Mortgage P&I$96054%Property Taxes$211%Insurance$634%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%Cash Flow$275

Investment Breakdown

|

Purchase Price

$179k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,548

Downpayment

20%

$35,760

Closing costs

1%

$1,788

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,782

Total Expenses

$1,507

Mortgage P&I

54%

$960

Property Taxes

1%

$21

Home Insurance

4%

$63

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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