REI Lense

REI Lense

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$3,260 (target)

5608 Joe Nail Rd, Mount Olive, AL 35117

3 beds • 3 baths • 2560 sqft

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This property might be a fair Mid-Term investment with a projected 7.63% first-year return on $77,241 initial cash invested.

7.63%

Cash On Cash

8.86%

Cap Rate

1.42

DSCR

$3,260

Rent

$491

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,260 income − $2,769 expenses = $491 cash flow

Income$3,260Mortgage P&I$1,46245%Property Taxes$993%Insurance$1003%Management$39112%CapEx$1304%Vacancy$983%Maintenance$1304%Other$35911%Cash Flow$491

Investment Breakdown

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Purchase Price

$282k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,241

Downpayment

20%

$56,420

Closing costs

1%

$2,821

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,260

Total Expenses

$2,769

Mortgage P&I

45%

$1,462

Property Taxes

3%

$99

Home Insurance

3%

$100

HOA

0%

$0

Property Management

12%

$391

CapEx

4%

$130

Vacancy

3%

$98

Maintenance

4%

$130

Other

11%

$359

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