REI Lense

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$2,205 (target)

8668 Summer Bay Ln, Foley, AL 36535

3 beds • 2 baths • 1621 sqft

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This property looks like a bad Long-Term investment with a projected -8.04% first-year return on $66,906 initial cash invested.

-8.04%

Cash On Cash

5.15%

Cap Rate

0.8

DSCR

$2,205

Rent

-$448

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,205 income − $2,653 expenses = $448 out of pocket

Income$2,205Out of Pocket$448Mortgage P&I$1,70577%Property Taxes$1597%Insurance$1226%HOA$954%Management$22010%CapEx$1105%Vacancy$1326%Maintenance$1105%

Investment Breakdown

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Purchase Price

$319k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,906

Downpayment

20%

$63,720

Closing costs

1%

$3,186

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,205

Total Expenses

$2,653

Mortgage P&I

77%

$1,705

Property Taxes

7%

$159

Home Insurance

6%

$122

HOA

4%

$95

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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