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$2,198 (target)

62 Lee Road 414, Opelika, AL 36804

3 beds • 2 baths • 1923 sqft

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This property looks like a bad Mid-Term investment with a projected -7.62% first-year return on $92,235 initial cash invested.

-7.62%

Cash On Cash

4.42%

Cap Rate

0.72

DSCR

$2,198

Rent

-$586

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,198 income − $2,784 expenses = $586 out of pocket

Income$2,198Out of Pocket$586Mortgage P&I$1,80082%Property Taxes$1105%Insurance$1266%Management$26412%CapEx$884%Vacancy$663%Maintenance$884%Other$24211%

Investment Breakdown

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Purchase Price

$354k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,235

Downpayment

20%

$70,700

Closing costs

1%

$3,535

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,198

Total Expenses

$2,784

Mortgage P&I

82%

$1,800

Property Taxes

5%

$110

Home Insurance

6%

$126

HOA

0%

$0

Property Management

12%

$264

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$242

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