REI Lense

REI Lense

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$1,426 (target)

97 Red Bud Ln, Decatur, AL 35603

3 beds • 2 baths • 1276 sqft

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This property might be a fair Long-Term investment with a projected 6.97% first-year return on $29,778 initial cash invested.

6.97%

Cash On Cash

8.73%

Cap Rate

1.31

DSCR

$1,426

Rent

$173

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,426 income − $1,253 expenses = $173 cash flow

Income$1,426Mortgage P&I$78855%Property Taxes$423%Insurance$524%Management$14310%CapEx$715%Vacancy$866%Maintenance$715%Cash Flow$173

Investment Breakdown

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Purchase Price

$142k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$29,778

Downpayment

20%

$28,360

Closing costs

1%

$1,418

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,426

Total Expenses

$1,253

Mortgage P&I

55%

$788

Property Taxes

3%

$42

Home Insurance

4%

$52

HOA

0%

$0

Property Management

10%

$143

CapEx

5%

$71

Vacancy

6%

$86

Maintenance

5%

$71

Other

0%

$0

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