REI Lense

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$2,512 (target)

91 Heather Ridge Dr, Pelham, AL 35124

3 beds • 4 baths • 2534 sqft

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This property looks like a bad Long-Term investment with a projected -5.07% first-year return on $79,485 initial cash invested.

-5.07%

Cash On Cash

5.32%

Cap Rate

0.89

DSCR

$2,512

Rent

-$336

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,512 income − $2,848 expenses = $336 out of pocket

Income$2,512Out of Pocket$336Mortgage P&I$1,88775%Property Taxes$1787%Insurance$1295%Management$25110%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

|

Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,485

Downpayment

20%

$75,700

Closing costs

1%

$3,785

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,512

Total Expenses

$2,848

Mortgage P&I

75%

$1,887

Property Taxes

7%

$178

Home Insurance

5%

$129

HOA

0%

$0

Property Management

10%

$251

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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