REI Lense

REI Lense

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$1,900 (target)

712 Gilmer Cir, Bay Minette, AL 36507

3 beds • 2 baths • 2000 sqft

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This property looks like a bad Long-Term investment with a projected -4.73% first-year return on $58,401 initial cash invested.

-4.73%

Cash On Cash

5.7%

Cap Rate

0.91

DSCR

$1,900

Rent

-$230

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,900 income − $2,130 expenses = $230 out of pocket

Income$1,900Out of Pocket$230Mortgage P&I$1,45777%Property Taxes$794%Insurance$1005%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,401

Downpayment

20%

$55,620

Closing costs

1%

$2,781

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,900

Total Expenses

$2,130

Mortgage P&I

77%

$1,457

Property Taxes

4%

$79

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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