REI Lense

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$1,465 (target)

62 Lee Road 414, Opelika, AL 36804

3 beds • 2 baths • 1923 sqft

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This property looks like a bad Long-Term investment with a projected -15.37% first-year return on $74,235 initial cash invested.

-15.37%

Cash On Cash

3.13%

Cap Rate

0.51

DSCR

$1,465

Rent

-$951

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,465 income − $2,416 expenses = $951 out of pocket

Income$1,465Out of Pocket$951Mortgage P&I$1,800123%Property Taxes$1108%Insurance$1269%Management$14610%CapEx$735%Vacancy$886%Maintenance$735%

Investment Breakdown

|

Purchase Price

$354k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,235

Downpayment

20%

$70,700

Closing costs

1%

$3,535

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,465

Total Expenses

$2,416

Mortgage P&I

123%

$1,800

Property Taxes

8%

$110

Home Insurance

9%

$126

HOA

0%

$0

Property Management

10%

$146

CapEx

5%

$73

Vacancy

6%

$88

Maintenance

5%

$73

Other

0%

$0

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