REI Lense

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$2,805 (target)

8512 Covington Way, Leeds, AL 35094

3 beds • 2 baths • 1576 sqft

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This property might be a fair Mid-Term investment with a projected 1.48% first-year return on $76,863 initial cash invested.

1.48%

Cash On Cash

7.59%

Cap Rate

1.13

DSCR

$2,805

Rent

$95

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,805 income − $2,710 expenses = $95 cash flow

Income$2,805Mortgage P&I$1,56756%Property Taxes$923%Insurance$943%HOA$3Management$33712%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30911%Cash Flow$95

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,863

Downpayment

20%

$56,060

Closing costs

1%

$2,803

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,805

Total Expenses

$2,710

Mortgage P&I

56%

$1,567

Property Taxes

3%

$92

Home Insurance

3%

$94

HOA

0%

$3

Property Management

12%

$337

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$309

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