REI Lense

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$2,618 (target)

6141 Ranch Rd E, Grand Bay, AL 36541

3 beds • 2 baths • 1947 sqft

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This property looks like a bad Mid-Term investment with a projected -11.05% first-year return on $123k initial cash invested.

-11.05%

Cash On Cash

3.53%

Cap Rate

0.59

DSCR

$2,618

Rent

-$1,132

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,618 income − $3,750 expenses = $1,132 out of pocket

Income$2,618Out of Pocket$1,132Mortgage P&I$2,49895%Property Taxes$1867%Insurance$1757%Management$31412%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28811%

Investment Breakdown

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Purchase Price

$500k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,908

Closing costs

1%

$4,995

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,618

Total Expenses

$3,750

Mortgage P&I

95%

$2,498

Property Taxes

7%

$186

Home Insurance

7%

$175

HOA

0%

$0

Property Management

12%

$314

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$288

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