REI Lense

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$2,360 (target)

701 Lookout Ter E, Fort Payne, AL 35967

3 beds • 2 baths • 1496 sqft

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This property might be a fair Mid-Term investment with a projected 2.06% first-year return on $73,440 initial cash invested.

2.06%

Cash On Cash

6.92%

Cap Rate

1.17

DSCR

$2,360

Rent

$126

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,360 income − $2,234 expenses = $126 cash flow

Income$2,360Mortgage P&I$1,30255%Property Taxes$341%Insurance$964%Management$28312%CapEx$944%Vacancy$713%Maintenance$944%Other$26011%Cash Flow$126

Investment Breakdown

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Purchase Price

$264k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,440

Downpayment

20%

$52,800

Closing costs

1%

$2,640

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,360

Total Expenses

$2,234

Mortgage P&I

55%

$1,302

Property Taxes

1%

$34

Home Insurance

4%

$96

HOA

0%

$0

Property Management

12%

$283

CapEx

4%

$94

Vacancy

3%

$71

Maintenance

4%

$94

Other

11%

$260

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