REI Lense

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$1,895 (target)

6540 Summer Oak Ct, Grand Bay, AL 36541

3 beds • 2 baths • 1630 sqft

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This property looks like a bad Long-Term investment with a projected -4.24% first-year return on $59,388 initial cash invested.

-4.24%

Cash On Cash

5.55%

Cap Rate

0.92

DSCR

$1,895

Rent

-$210

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,895 income − $2,105 expenses = $210 out of pocket

Income$1,895Out of Pocket$210Mortgage P&I$1,42475%Property Taxes$875%Insurance$1005%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$283k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,388

Downpayment

20%

$56,560

Closing costs

1%

$2,828

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,895

Total Expenses

$2,105

Mortgage P&I

75%

$1,424

Property Taxes

5%

$87

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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