REI Lense

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$1,988 (target)

7187 Mill House Dr S, Mobile, AL 36619

3 beds • 2 baths • 1860 sqft

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This property might be a fair Long-Term investment with a projected 6.42% first-year return on $43,743 initial cash invested.

6.42%

Cash On Cash

8.33%

Cap Rate

1.3

DSCR

$1,988

Rent

$234

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,988 income − $1,754 expenses = $234 cash flow

Income$1,988Mortgage P&I$1,11356%Property Taxes$462%Insurance$794%Management$19910%CapEx$995%Vacancy$1196%Maintenance$995%Cash Flow$234

Investment Breakdown

|

Purchase Price

$208k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,743

Downpayment

20%

$41,660

Closing costs

1%

$2,083

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,988

Total Expenses

$1,754

Mortgage P&I

56%

$1,113

Property Taxes

2%

$46

Home Insurance

4%

$79

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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