REI Lense

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$2,348 (target)

5405 Larchmont Dr, Mobile, AL 36693

3 beds • 2 baths • 1658 sqft

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This property might be a fair Mid-Term investment with a projected 2.8% first-year return on $64,200 initial cash invested.

2.8%

Cash On Cash

7.72%

Cap Rate

1.21

DSCR

$2,348

Rent

$150

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,348 income − $2,198 expenses = $150 cash flow

Income$2,348Mortgage P&I$1,17150%Property Taxes$1526%Insurance$773%Management$28212%CapEx$944%Vacancy$703%Maintenance$944%Other$25811%Cash Flow$150

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,200

Downpayment

20%

$44,000

Closing costs

1%

$2,200

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,348

Total Expenses

$2,198

Mortgage P&I

50%

$1,171

Property Taxes

6%

$152

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$282

CapEx

4%

$94

Vacancy

3%

$70

Maintenance

4%

$94

Other

11%

$258

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