REI Lense

REI Lense

$2,254 (target)

6205 Cottonwood Ln, Cottondale, AL 35453

3 beds • 2 baths • 1775 sqft

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This property might be a fair Mid-Term investment with a projected 0.66% first-year return on $67,245 initial cash invested.

0.66%

Cash On Cash

7.32%

Cap Rate

1.1

DSCR

$2,254

Rent

$37

Cashflow

Cash Flow

$2,254 income − $2,217 expenses = $37 cash flow

Income$2,254P&I$1,30458%Taxes$673%Insurance$804%Mgmt$27012%CapEx$904%Vacancy$683%Maint.$904%Other$24811%Cash Flow$37

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,245

Downpayment

20%

$46,900

Closing costs

1%

$2,345

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,254

Total Expenses

$2,217

Mortgage P&I

58%

$1,304

Property Taxes

3%

$67

Home Insurance

4%

$80

HOA

0%

$0

Property Management

12%

$270

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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