REI Lense

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$2,868 (target)

531 Broadway St, Homewood, AL 35209

3 beds • 2 baths • 1466 sqft

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This property looks like a bad Long-Term investment with a projected -17.63% first-year return on $148k initial cash invested.

-17.63%

Cash On Cash

2.85%

Cap Rate

0.45

DSCR

$2,868

Rent

-$2,180

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,868 income − $5,048 expenses = $2,180 out of pocket

Income$2,868Out of Pocket$2,180Mortgage P&I$3,713129%Property Taxes$32811%Insurance$2629%Management$28710%CapEx$1435%Vacancy$1726%Maintenance$1435%

Investment Breakdown

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Purchase Price

$707k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$148k

Downpayment

20%

$141k

Closing costs

1%

$7,066

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,868

Total Expenses

$5,048

Mortgage P&I

129%

$3,713

Property Taxes

11%

$328

Home Insurance

9%

$262

HOA

0%

$0

Property Management

10%

$287

CapEx

5%

$143

Vacancy

6%

$172

Maintenance

5%

$143

Other

0%

$0

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