REI Lense

REI Lense

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$1,450 (target)

82 Fairhope Dr, Arab, AL 35016

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Long-Term investment with a projected -10.6% first-year return on $51,387 initial cash invested.

-10.6%

Cash On Cash

4.7%

Cap Rate

0.71

DSCR

$1,450

Rent

-$454

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,450 income − $1,904 expenses = $454 out of pocket

Income$1,450Out of Pocket$454Mortgage P&I$1,34092%Property Taxes$1067%Insurance$826%Management$14510%CapEx$725%Vacancy$876%Maintenance$725%

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,387

Downpayment

20%

$48,940

Closing costs

1%

$2,447

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,450

Total Expenses

$1,904

Mortgage P&I

92%

$1,340

Property Taxes

7%

$106

Home Insurance

6%

$82

HOA

0%

$0

Property Management

10%

$145

CapEx

5%

$72

Vacancy

6%

$87

Maintenance

5%

$72

Other

0%

$0

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