REI Lense

REI Lense

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$3,808 (target)

6830 Summerset Dr, Gulf Shores, AL 36542

3 beds • 2 baths • 1887 sqft

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This property might be a fair Mid-Term investment with a projected 3.93% first-year return on $98,304 initial cash invested.

3.93%

Cash On Cash

7.47%

Cap Rate

1.25

DSCR

$3,808

Rent

$322

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$382k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,304

Downpayment

20%

$76,480

Closing costs

1%

$3,824

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,808

Total Expenses

$3,486

Mortgage P&I

50%

$1,906

Property Taxes

3%

$104

Home Insurance

4%

$136

HOA

1%

$46

Property Management

12%

$457

CapEx

4%

$152

Vacancy

3%

$114

Maintenance

4%

$152

Other

11%

$419

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