REI Lense

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$1,831 (target)

732 Wheeler Dr NE, Arab, AL 35016

3 beds • 2 baths • 2270 sqft

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This property looks like a bad Long-Term investment with a projected -10.48% first-year return on $74,340 initial cash invested.

-10.48%

Cash On Cash

4.15%

Cap Rate

0.69

DSCR

$1,831

Rent

-$649

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,831 income − $2,480 expenses = $649 out of pocket

Income$1,831Out of Pocket$649Mortgage P&I$1,78297%Property Taxes$975%Insurance$1247%Management$18310%CapEx$925%Vacancy$1106%Maintenance$925%

Investment Breakdown

|

Purchase Price

$354k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,340

Downpayment

20%

$70,800

Closing costs

1%

$3,540

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,831

Total Expenses

$2,480

Mortgage P&I

97%

$1,782

Property Taxes

5%

$97

Home Insurance

7%

$124

HOA

0%

$0

Property Management

10%

$183

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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