REI Lense

REI Lense

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$2,119 (target)

604 Cherokee Ln NW, Hartselle, AL 35640

3 beds • 2 baths • 1605 sqft

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This property might be a fair Long-Term investment with a projected 5.21% first-year return on $47,460 initial cash invested.

5.21%

Cash On Cash

8.14%

Cap Rate

1.26

DSCR

$2,119

Rent

$206

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,119 income − $1,913 expenses = $206 cash flow

Income$2,119Mortgage P&I$1,22158%Property Taxes$613%Insurance$804%Management$21210%CapEx$1065%Vacancy$1276%Maintenance$1065%Cash Flow$206

Investment Breakdown

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Purchase Price

$226k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,460

Downpayment

20%

$45,200

Closing costs

1%

$2,260

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,119

Total Expenses

$1,913

Mortgage P&I

58%

$1,221

Property Taxes

3%

$61

Home Insurance

4%

$80

HOA

0%

$0

Property Management

10%

$212

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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