REI Lense

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$2,101 (target)

7124 Tulip Trestle Ct, Northport, AL 35473

3 beds • 3 baths • 2190 sqft

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This property looks like a bad Long-Term investment with a projected -2.38% first-year return on $61,950 initial cash invested.

-2.38%

Cash On Cash

5.97%

Cap Rate

0.99

DSCR

$2,101

Rent

-$123

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,101 income − $2,224 expenses = $123 out of pocket

Income$2,101Out of Pocket$123Mortgage P&I$1,48571%Property Taxes$904%Insurance$1035%Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,101

Total Expenses

$2,224

Mortgage P&I

71%

$1,485

Property Taxes

4%

$90

Home Insurance

5%

$103

HOA

0%

$0

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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