REI Lense

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$1,573 (target)

701 Lookout Ter E, Fort Payne, AL 35967

3 beds • 2 baths • 1496 sqft

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This property looks like a bad Long-Term investment with a projected -5.8% first-year return on $55,440 initial cash invested.

-5.8%

Cash On Cash

5.06%

Cap Rate

0.85

DSCR

$1,573

Rent

-$268

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,573 income − $1,841 expenses = $268 out of pocket

Income$1,573Out of Pocket$268Mortgage P&I$1,30283%Property Taxes$342%Insurance$966%Management$15710%CapEx$795%Vacancy$946%Maintenance$795%

Investment Breakdown

|

Purchase Price

$264k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,440

Downpayment

20%

$52,800

Closing costs

1%

$2,640

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,573

Total Expenses

$1,841

Mortgage P&I

83%

$1,302

Property Taxes

2%

$34

Home Insurance

6%

$96

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$79

Vacancy

6%

$94

Maintenance

5%

$79

Other

0%

$0

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