REI Lense

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$2,054 (target)

62 Elm Dr, Boaz, AL 35957

3 beds • 2 baths • 2200 sqft

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This property looks like a bad Long-Term investment with a projected -5.11% first-year return on $67,179 initial cash invested.

-5.11%

Cash On Cash

5.32%

Cap Rate

0.89

DSCR

$2,054

Rent

-$286

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,054 income − $2,340 expenses = $286 out of pocket

Income$2,054Out of Pocket$286Mortgage P&I$1,60178%Property Taxes$935%Insurance$1125%Management$20510%CapEx$1035%Vacancy$1236%Maintenance$1035%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,179

Downpayment

20%

$63,980

Closing costs

1%

$3,199

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,054

Total Expenses

$2,340

Mortgage P&I

78%

$1,601

Property Taxes

5%

$93

Home Insurance

5%

$112

HOA

0%

$0

Property Management

10%

$205

CapEx

5%

$103

Vacancy

6%

$123

Maintenance

5%

$103

Other

0%

$0

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