REI Lense

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$2,442 (target)

810 Ridgefield Way, Odenville, AL 35120

3 beds • 2 baths • 1659 sqft

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This property looks like a bad Mid-Term investment with a projected -6.53% first-year return on $80,475 initial cash invested.

-6.53%

Cash On Cash

4.73%

Cap Rate

0.78

DSCR

$2,442

Rent

-$438

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,442 income − $2,880 expenses = $438 out of pocket

Income$2,442Out of Pocket$438Mortgage P&I$1,51262%Property Taxes$823%Insurance$1054%HOA$35014%Management$29312%CapEx$984%Vacancy$733%Maintenance$984%Other$26911%

Investment Breakdown

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Purchase Price

$298k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,475

Downpayment

20%

$59,500

Closing costs

1%

$2,975

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,442

Total Expenses

$2,880

Mortgage P&I

62%

$1,512

Property Taxes

3%

$82

Home Insurance

4%

$105

HOA

14%

$350

Property Management

12%

$293

CapEx

4%

$98

Vacancy

3%

$73

Maintenance

4%

$98

Other

11%

$269

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