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$1,962 (target)

1039 1st Ave NW, Arab, AL 35016

3 beds • 2 baths • 1309 sqft

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This property looks like a bad Mid-Term investment with a projected -3.14% first-year return on $70,353 initial cash invested.

-3.14%

Cash On Cash

5.74%

Cap Rate

0.92

DSCR

$1,962

Rent

-$184

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,962 income − $2,146 expenses = $184 out of pocket

Income$1,962Out of Pocket$184Mortgage P&I$1,29866%Property Taxes$915%Insurance$915%Management$23512%CapEx$784%Vacancy$593%Maintenance$784%Other$21611%

Investment Breakdown

|

Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,353

Downpayment

20%

$49,860

Closing costs

1%

$2,493

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,962

Total Expenses

$2,146

Mortgage P&I

66%

$1,298

Property Taxes

5%

$91

Home Insurance

5%

$91

HOA

0%

$0

Property Management

12%

$235

CapEx

4%

$78

Vacancy

3%

$59

Maintenance

4%

$78

Other

11%

$216

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