REI Lense

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$1,690 (target)

629 Delta St, Bessemer, AL 35020

3 beds • 2 baths • 1440 sqft

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This property might be a fair Mid-Term investment with a projected 4.99% first-year return on $49,332 initial cash invested.

4.99%

Cash On Cash

8.7%

Cap Rate

1.34

DSCR

$1,690

Rent

$205

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,690 income − $1,485 expenses = $205 cash flow

Income$1,690Mortgage P&I$80948%Property Taxes$402%Insurance$604%Management$20312%CapEx$684%Vacancy$513%Maintenance$684%Other$18611%Cash Flow$205

Investment Breakdown

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Purchase Price

$149k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,332

Downpayment

20%

$29,840

Closing costs

1%

$1,492

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$1,690

Total Expenses

$1,485

Mortgage P&I

48%

$809

Property Taxes

2%

$40

Home Insurance

4%

$60

HOA

0%

$0

Property Management

12%

$203

CapEx

4%

$68

Vacancy

3%

$51

Maintenance

4%

$68

Other

11%

$186

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