REI Lense

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$2,424 (target)

615 E Tuscaloosa St, Florence, AL 35630

3 beds • 3 baths • 1850 sqft

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This property looks like a bad Long-Term investment with a projected -8.34% first-year return on $77,574 initial cash invested.

-8.34%

Cash On Cash

4.68%

Cap Rate

0.78

DSCR

$2,424

Rent

-$539

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,424 income − $2,963 expenses = $539 out of pocket

Income$2,424Out of Pocket$539Mortgage P&I$1,86077%Property Taxes$34114%Insurance$1335%Management$24210%CapEx$1215%Vacancy$1456%Maintenance$1215%

Investment Breakdown

|

Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,574

Downpayment

20%

$73,880

Closing costs

1%

$3,694

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,424

Total Expenses

$2,963

Mortgage P&I

77%

$1,860

Property Taxes

14%

$341

Home Insurance

5%

$133

HOA

0%

$0

Property Management

10%

$242

CapEx

5%

$121

Vacancy

6%

$145

Maintenance

5%

$121

Other

0%

$0

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