REI Lense

REI Lense

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$1,260 (target)

616 Cleveland St, Headland, AL 36345

3 beds • 2 baths • 1582 sqft

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This property looks like a bad Long-Term investment with a projected -8.18% first-year return on $43,113 initial cash invested.

-8.18%

Cash On Cash

4.96%

Cap Rate

0.79

DSCR

$1,260

Rent

-$294

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,260 income − $1,554 expenses = $294 out of pocket

Income$1,260Out of Pocket$294Mortgage P&I$1,07986%Property Taxes$655%Insurance$827%Management$12610%CapEx$635%Vacancy$766%Maintenance$635%

Investment Breakdown

|

Purchase Price

$205k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,113

Downpayment

20%

$41,060

Closing costs

1%

$2,053

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,260

Total Expenses

$1,554

Mortgage P&I

86%

$1,079

Property Taxes

5%

$65

Home Insurance

7%

$82

HOA

0%

$0

Property Management

10%

$126

CapEx

5%

$63

Vacancy

6%

$76

Maintenance

5%

$63

Other

0%

$0

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