REI Lense

REI Lense

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$1,628 (target)

63 Monica Ave, Decatur, AL 35603

3 beds • 2 baths • 1850 sqft

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This property looks like a bad Long-Term investment with a projected -8.22% first-year return on $61,866 initial cash invested.

-8.22%

Cash On Cash

4.59%

Cap Rate

0.77

DSCR

$1,628

Rent

-$424

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,628 income − $2,052 expenses = $424 out of pocket

Income$1,628Out of Pocket$424Mortgage P&I$1,46990%Property Taxes$553%Insurance$1056%Management$16310%CapEx$815%Vacancy$986%Maintenance$815%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,866

Downpayment

20%

$58,920

Closing costs

1%

$2,946

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,628

Total Expenses

$2,052

Mortgage P&I

90%

$1,469

Property Taxes

3%

$55

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$163

CapEx

5%

$81

Vacancy

6%

$98

Maintenance

5%

$81

Other

0%

$0

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