REI Lense

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$2,865 (target)

689 Lucy Ln, Alexander, AR 72002

3 beds • 2 baths • 1761 sqft

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This property might be a fair Mid-Term investment with a projected 3.72% first-year return on $74,910 initial cash invested.

3.72%

Cash On Cash

7.74%

Cap Rate

1.25

DSCR

$2,865

Rent

$232

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,865 income − $2,633 expenses = $232 cash flow

Income$2,865Mortgage P&I$1,40249%Property Taxes$1425%Insurance$1144%Management$34412%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31511%Cash Flow$232

Investment Breakdown

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Purchase Price

$271k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,910

Downpayment

20%

$54,200

Closing costs

1%

$2,710

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,865

Total Expenses

$2,633

Mortgage P&I

49%

$1,402

Property Taxes

5%

$142

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$344

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$315

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