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$2,498 (target)

104 Olde Savannah Way, New Market, AL 35761

3 beds • 2 baths • 1355 sqft

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This property might be a fair Mid-Term investment with a projected 2.14% first-year return on $70,004 initial cash invested.

2.14%

Cash On Cash

7.62%

Cap Rate

1.17

DSCR

$2,498

Rent

$125

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,498 income − $2,373 expenses = $125 cash flow

Income$2,498Mortgage P&I$1,34754%Property Taxes$894%Insurance$873%Management$30012%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27511%Cash Flow$125

Investment Breakdown

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Purchase Price

$248k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,004

Downpayment

20%

$49,528

Closing costs

1%

$2,476

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,498

Total Expenses

$2,373

Mortgage P&I

54%

$1,347

Property Taxes

4%

$89

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$300

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$275

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