REI Lense

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$1,954 (target)

971 Creekstone Point Dr NE, Fort Payne, AL 35967

3 beds • 2 baths • 1309 sqft

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This property looks like a bad Long-Term investment with a projected -2% first-year return on $54,075 initial cash invested.

-2%

Cash On Cash

6.32%

Cap Rate

1.01

DSCR

$1,954

Rent

-$90

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,954 income − $2,044 expenses = $90 out of pocket

Income$1,954Out of Pocket$90Mortgage P&I$1,34969%Property Taxes$975%Insurance$905%Management$19510%CapEx$985%Vacancy$1176%Maintenance$985%

Investment Breakdown

|

Purchase Price

$258k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,075

Downpayment

20%

$51,500

Closing costs

1%

$2,575

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,954

Total Expenses

$2,044

Mortgage P&I

69%

$1,349

Property Taxes

5%

$97

Home Insurance

5%

$90

HOA

0%

$0

Property Management

10%

$195

CapEx

5%

$98

Vacancy

6%

$117

Maintenance

5%

$98

Other

0%

$0

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