REI Lense

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$1,760 (target)

509 Ohio Ave SE, Hanceville, AL 35077

3 beds • 3 baths • 2021 sqft

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This property looks like a bad Long-Term investment with a projected -4.8% first-year return on $57,540 initial cash invested.

-4.8%

Cash On Cash

5.42%

Cap Rate

0.9

DSCR

$1,760

Rent

-$230

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,760 income − $1,990 expenses = $230 out of pocket

Income$1,760Out of Pocket$230Mortgage P&I$1,38078%Property Taxes$613%Insurance$915%Management$17610%CapEx$885%Vacancy$1066%Maintenance$885%

Investment Breakdown

|

Purchase Price

$274k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,540

Downpayment

20%

$54,800

Closing costs

1%

$2,740

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,760

Total Expenses

$1,990

Mortgage P&I

78%

$1,380

Property Taxes

3%

$61

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$176

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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