REI Lense

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$3,159 (target)

9495 Hanloe Ln, Fairhope, AL 36532

3 beds • 2 baths • 1788 sqft

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This property might be a fair Mid-Term investment with a projected 3.47% first-year return on $86,166 initial cash invested.

3.47%

Cash On Cash

7.34%

Cap Rate

1.23

DSCR

$3,159

Rent

$249

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,159 income − $2,910 expenses = $249 cash flow

Income$3,159Mortgage P&I$1,61051%Property Taxes$782%Insurance$1244%HOA$251%Management$37912%CapEx$1264%Vacancy$953%Maintenance$1264%Other$34711%Cash Flow$249

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,166

Downpayment

20%

$64,920

Closing costs

1%

$3,246

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,159

Total Expenses

$2,910

Mortgage P&I

51%

$1,610

Property Taxes

2%

$78

Home Insurance

4%

$124

HOA

1%

$25

Property Management

12%

$379

CapEx

4%

$126

Vacancy

3%

$95

Maintenance

4%

$126

Other

11%

$347

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