REI Lense

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$2,366 (target)

509 Woodland Ridge Rd, Odenville, AL 35120

3 beds • 2 baths • 1611 sqft

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This property might be a fair Mid-Term investment with a projected 0.73% first-year return on $73,650 initial cash invested.

0.73%

Cash On Cash

6.81%

Cap Rate

1.1

DSCR

$2,366

Rent

$45

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,366 income − $2,321 expenses = $45 cash flow

Income$2,366Mortgage P&I$1,36458%Property Taxes$592%Insurance$934%Management$28412%CapEx$954%Vacancy$713%Maintenance$954%Other$26011%Cash Flow$45

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,366

Total Expenses

$2,321

Mortgage P&I

58%

$1,364

Property Taxes

2%

$59

Home Insurance

4%

$93

HOA

0%

$0

Property Management

12%

$284

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$260

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