REI Lense

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$2,205 (target)

8811 Taylors Ferry Rd, Bessemer, AL 35023

3 beds • 2 baths • 1524 sqft

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This property might be a fair Mid-Term investment with a projected 3.2% first-year return on $61,932 initial cash invested.

3.2%

Cash On Cash

7.92%

Cap Rate

1.22

DSCR

$2,205

Rent

$165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,205 income − $2,040 expenses = $165 cash flow

Income$2,205Mortgage P&I$1,12851%Property Taxes$784%Insurance$844%Management$26512%CapEx$884%Vacancy$663%Maintenance$884%Other$24311%Cash Flow$165

Investment Breakdown

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Purchase Price

$209k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,932

Downpayment

20%

$41,840

Closing costs

1%

$2,092

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,205

Total Expenses

$2,040

Mortgage P&I

51%

$1,128

Property Taxes

4%

$78

Home Insurance

4%

$84

HOA

0%

$0

Property Management

12%

$265

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$243

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