REI Lense

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$2,564 (target)

8850 Nicol Hill Dr, Cottondale, AL 35453

3 beds • 3 baths • 1800 sqft

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This property might be a fair Mid-Term investment with a projected 2.89% first-year return on $70,164 initial cash invested.

2.89%

Cash On Cash

7.86%

Cap Rate

1.2

DSCR

$2,564

Rent

$169

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,564 income − $2,395 expenses = $169 cash flow

Income$2,564Mortgage P&I$1,35653%Property Taxes$783%Insurance$883%Management$30812%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28211%Cash Flow$169

Investment Breakdown

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Purchase Price

$248k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,164

Downpayment

20%

$49,680

Closing costs

1%

$2,484

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,564

Total Expenses

$2,395

Mortgage P&I

53%

$1,356

Property Taxes

3%

$78

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$308

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$282

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