REI Lense

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$2,122 (target)

51 Cottage Ln, Lincoln, AL 35096

3 beds • 2 baths • 1316 sqft

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This property might be a fair Mid-Term investment with a projected 0.32% first-year return on $63,381 initial cash invested.

0.32%

Cash On Cash

7.07%

Cap Rate

1.09

DSCR

$2,122

Rent

$17

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,122 income − $2,105 expenses = $17 cash flow

Income$2,122Mortgage P&I$1,17255%Property Taxes$1266%Insurance$854%Management$25512%CapEx$854%Vacancy$643%Maintenance$854%Other$23311%Cash Flow$17

Investment Breakdown

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Purchase Price

$216k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,381

Downpayment

20%

$43,220

Closing costs

1%

$2,161

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,122

Total Expenses

$2,105

Mortgage P&I

55%

$1,172

Property Taxes

6%

$126

Home Insurance

4%

$85

HOA

0%

$0

Property Management

12%

$255

CapEx

4%

$85

Vacancy

3%

$64

Maintenance

4%

$85

Other

11%

$233

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