REI Lense

REI Lense

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$2,624 (target)

6621 Red Leaf Ln, Hueytown, AL 35023

3 beds • 2 baths • 1905 sqft

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This property might be a fair Long-Term investment with a projected 3% first-year return on $63,294 initial cash invested.

3%

Cash On Cash

7.37%

Cap Rate

1.19

DSCR

$2,624

Rent

$158

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,624 income − $2,466 expenses = $158 cash flow

Income$2,624Mortgage P&I$1,56159%Property Taxes$1034%Insurance$1215%Management$26210%CapEx$1315%Vacancy$1576%Maintenance$1315%Cash Flow$158

Investment Breakdown

|

Purchase Price

$301k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,294

Downpayment

20%

$60,280

Closing costs

1%

$3,014

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,624

Total Expenses

$2,466

Mortgage P&I

59%

$1,561

Property Taxes

4%

$103

Home Insurance

5%

$121

HOA

0%

$0

Property Management

10%

$262

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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