REI Lense

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$1,350 (target)

68 Edwards St, Newton, AL 36352

3 beds • 2 baths • 1762 sqft

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This property might be a fair Mid-Term investment with a projected 3.21% first-year return on $45,300 initial cash invested.

3.21%

Cash On Cash

7.98%

Cap Rate

1.25

DSCR

$1,350

Rent

$121

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,350 income − $1,229 expenses = $121 cash flow

Income$1,350Mortgage P&I$68951%Property Taxes$363%Insurance$463%Management$16212%CapEx$544%Vacancy$403%Maintenance$544%Other$14811%Cash Flow$121

Investment Breakdown

|

Purchase Price

$130k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,300

Downpayment

20%

$26,000

Closing costs

1%

$1,300

Rehab

0%

$0

Furnishing

14%

$18,000

Cashflow

Total Income

$1,350

Total Expenses

$1,229

Mortgage P&I

51%

$689

Property Taxes

3%

$36

Home Insurance

3%

$46

HOA

0%

$0

Property Management

12%

$162

CapEx

4%

$54

Vacancy

3%

$40

Maintenance

4%

$54

Other

11%

$148

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