REI Lense

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$2,322 (target)

603 Baltzer Rd, Wetumpka, AL 36092

3 beds • 2 baths • 1286 sqft

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This property might be a fair Mid-Term investment with a projected 9.61% first-year return on $54,330 initial cash invested.

9.61%

Cash On Cash

10.36%

Cap Rate

1.55

DSCR

$2,322

Rent

$435

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,322 income − $1,887 expenses = $435 cash flow

Income$2,322Mortgage P&I$96542%Property Taxes$713%Insurance$613%Management$27912%CapEx$934%Vacancy$703%Maintenance$934%Other$25511%Cash Flow$435

Investment Breakdown

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Purchase Price

$173k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,330

Downpayment

20%

$34,600

Closing costs

1%

$1,730

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,322

Total Expenses

$1,887

Mortgage P&I

42%

$965

Property Taxes

3%

$71

Home Insurance

3%

$61

HOA

0%

$0

Property Management

12%

$279

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$255

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