REI Lense

REI Lense

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$1,533 (target)

573 Highland Rd, Winfield, AL 35594

3 beds • 2 baths • 1560 sqft

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This property might be a fair Long-Term investment with a projected 5.75% first-year return on $34,440 initial cash invested.

5.75%

Cash On Cash

8.21%

Cap Rate

1.27

DSCR

$1,533

Rent

$165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,533 income − $1,368 expenses = $165 cash flow

Income$1,533Mortgage P&I$88057%Property Taxes$322%Insurance$574%Management$15310%CapEx$775%Vacancy$926%Maintenance$775%Cash Flow$165

Investment Breakdown

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Purchase Price

$164k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$34,440

Downpayment

20%

$32,800

Closing costs

1%

$1,640

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,533

Total Expenses

$1,368

Mortgage P&I

57%

$880

Property Taxes

2%

$32

Home Insurance

4%

$57

HOA

0%

$0

Property Management

10%

$153

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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