REI Lense

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$1,172 (target)

81 McReal Dr, Newton, AL 36352

3 beds • 2 baths • 1250 sqft

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This property might be a fair Long-Term investment with a projected 8.5% first-year return on $24,150 initial cash invested.

8.5%

Cash On Cash

9.03%

Cap Rate

1.36

DSCR

$1,172

Rent

$171

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,172 income − $1,001 expenses = $171 cash flow

Income$1,172Mortgage P&I$63554%Property Taxes$212%Insurance$403%Management$11710%CapEx$595%Vacancy$706%Maintenance$595%Cash Flow$171

Investment Breakdown

|

Purchase Price

$115k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$24,150

Downpayment

20%

$23,000

Closing costs

1%

$1,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,172

Total Expenses

$1,001

Mortgage P&I

54%

$635

Property Taxes

2%

$21

Home Insurance

3%

$40

HOA

0%

$0

Property Management

10%

$117

CapEx

5%

$59

Vacancy

6%

$70

Maintenance

5%

$59

Other

0%

$0

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