REI Lense

REI Lense

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$2,173 (target)

5608 Joe Nail Rd, Mount Olive, AL 35117

3 beds • 3 baths • 2560 sqft

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This property looks like a bad Long-Term investment with a projected -1.07% first-year return on $59,241 initial cash invested.

-1.07%

Cash On Cash

6.46%

Cap Rate

1.04

DSCR

$2,173

Rent

-$53

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,173 income − $2,226 expenses = $53 out of pocket

Income$2,173Out of Pocket$53Mortgage P&I$1,46267%Property Taxes$995%Insurance$1005%Management$21710%CapEx$1095%Vacancy$1306%Maintenance$1095%

Investment Breakdown

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Purchase Price

$282k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,241

Downpayment

20%

$56,420

Closing costs

1%

$2,821

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,173

Total Expenses

$2,226

Mortgage P&I

67%

$1,462

Property Taxes

5%

$99

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$217

CapEx

5%

$109

Vacancy

6%

$130

Maintenance

5%

$109

Other

0%

$0

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