REI Lense

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$2,618 (target)

7300 Glen Chase Rd, Montgomery, AL 36117

3 beds • 2 baths • 1570 sqft

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This property might be a fair Mid-Term investment with a projected 3.37% first-year return on $68,295 initial cash invested.

3.37%

Cash On Cash

7.94%

Cap Rate

1.23

DSCR

$2,618

Rent

$192

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,618 income − $2,426 expenses = $192 cash flow

Income$2,618Mortgage P&I$1,28849%Property Taxes$1586%Insurance$863%HOA$3Management$31412%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28811%Cash Flow$192

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,295

Downpayment

20%

$47,900

Closing costs

1%

$2,395

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,618

Total Expenses

$2,426

Mortgage P&I

49%

$1,288

Property Taxes

6%

$158

Home Insurance

3%

$86

HOA

0%

$3

Property Management

12%

$314

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$288

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