REI Lense

REI Lense

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$1,232 (target)

6602 Greenhill Blvd NW, Fort Payne, AL 35967

3 beds • 2 baths • 1900 sqft

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This property looks like a bad Long-Term investment with a projected -12.61% first-year return on $50,715 initial cash invested.

-12.61%

Cash On Cash

4.09%

Cap Rate

0.64

DSCR

$1,232

Rent

-$533

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,232 income − $1,765 expenses = $533 out of pocket

Income$1,232Out of Pocket$533Mortgage P&I$1,295105%Property Taxes$625%Insurance$877%Management$12310%CapEx$625%Vacancy$746%Maintenance$625%

Investment Breakdown

|

Purchase Price

$242k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,715

Downpayment

20%

$48,300

Closing costs

1%

$2,415

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,232

Total Expenses

$1,765

Mortgage P&I

105%

$1,295

Property Taxes

5%

$62

Home Insurance

7%

$87

HOA

0%

$0

Property Management

10%

$123

CapEx

5%

$62

Vacancy

6%

$74

Maintenance

5%

$62

Other

0%

$0

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