REI Lense

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$2,175 (target)

82 Fairhope Dr, Arab, AL 35016

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Mid-Term investment with a projected -1.59% first-year return on $69,387 initial cash invested.

-1.59%

Cash On Cash

6.55%

Cap Rate

1

DSCR

$2,175

Rent

-$92

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,175 income − $2,267 expenses = $92 out of pocket

Income$2,175Out of Pocket$92Mortgage P&I$1,34062%Property Taxes$1065%Insurance$824%Management$26112%CapEx$874%Vacancy$653%Maintenance$874%Other$23911%

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,387

Downpayment

20%

$48,940

Closing costs

1%

$2,447

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,175

Total Expenses

$2,267

Mortgage P&I

62%

$1,340

Property Taxes

5%

$106

Home Insurance

4%

$82

HOA

0%

$0

Property Management

12%

$261

CapEx

4%

$87

Vacancy

3%

$65

Maintenance

4%

$87

Other

11%

$239

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