REI Lense

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$1,305 (target)

6802 Balm Rd, Wetumpka, AL 36092

3 beds • 2 baths • 1750 sqft

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This property looks like a bad Mid-Term investment with a projected -10.44% first-year return on $76,779 initial cash invested.

-10.44%

Cash On Cash

3.46%

Cap Rate

0.57

DSCR

$1,305

Rent

-$668

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,305 income − $1,973 expenses = $668 out of pocket

Income$1,305Out of Pocket$668Mortgage P&I$1,423109%Property Taxes$81%Insurance$988%Management$15712%CapEx$524%Vacancy$393%Maintenance$524%Other$14411%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,779

Downpayment

20%

$55,980

Closing costs

1%

$2,799

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,305

Total Expenses

$1,973

Mortgage P&I

109%

$1,423

Property Taxes

1%

$8

Home Insurance

8%

$98

HOA

0%

$0

Property Management

12%

$157

CapEx

4%

$52

Vacancy

3%

$39

Maintenance

4%

$52

Other

11%

$144

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