REI Lense

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$2,475 (target)

757 Savannah St, Mobile, AL 36603

3 beds • 2 baths • 2358 sqft

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This property might be a fair Mid-Term investment with a projected 4.27% first-year return on $67,245 initial cash invested.

4.27%

Cash On Cash

7.72%

Cap Rate

1.29

DSCR

$2,475

Rent

$239

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,475 income − $2,236 expenses = $239 cash flow

Income$2,475Mortgage P&I$1,17047%Property Taxes$1365%Insurance$894%Management$29712%CapEx$994%Vacancy$743%Maintenance$994%Other$27211%Cash Flow$239

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,245

Downpayment

20%

$46,900

Closing costs

1%

$2,345

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,475

Total Expenses

$2,236

Mortgage P&I

47%

$1,170

Property Taxes

5%

$136

Home Insurance

4%

$89

HOA

0%

$0

Property Management

12%

$297

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$272

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