REI Lense

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$1,209 (target)

505 S 16th Ave, Lanett, AL 36863

3 beds • 2 baths • 1962 sqft

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This property could be a profitable Long-Term investment with a projected 11.22% first-year return on $22,890 initial cash invested.

11.22%

Cash On Cash

9.72%

Cap Rate

1.45

DSCR

$1,209

Rent

$214

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,209 income − $995 expenses = $214 cash flow

Income$1,209Mortgage P&I$60950%Property Taxes$343%Insurance$383%Management$12110%CapEx$605%Vacancy$736%Maintenance$605%Cash Flow$214

Investment Breakdown

|

Purchase Price

$109k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$22,890

Downpayment

20%

$21,800

Closing costs

1%

$1,090

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,209

Total Expenses

$995

Mortgage P&I

50%

$609

Property Taxes

3%

$34

Home Insurance

3%

$38

HOA

0%

$0

Property Management

10%

$121

CapEx

5%

$60

Vacancy

6%

$73

Maintenance

5%

$60

Other

0%

$0

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