REI Lense

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$2,642 (target)

6715 Barnes Dr E, Theodore, AL 36582

3 beds • 2 baths • 1815 sqft

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This property might be a fair Mid-Term investment with a projected 5.4% first-year return on $64,914 initial cash invested.

5.4%

Cash On Cash

8.62%

Cap Rate

1.33

DSCR

$2,642

Rent

$292

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,642 income − $2,350 expenses = $292 cash flow

Income$2,642Mortgage P&I$1,20646%Property Taxes$1666%Insurance$793%Management$31712%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29111%Cash Flow$292

Investment Breakdown

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Purchase Price

$223k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,914

Downpayment

20%

$44,680

Closing costs

1%

$2,234

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,642

Total Expenses

$2,350

Mortgage P&I

46%

$1,206

Property Taxes

6%

$166

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$317

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$291

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