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$2,116 (target)

111 Tanner Cove Cir, New Market, AL 35761

3 beds • 2 baths • 1008 sqft

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This property might be a fair Mid-Term investment with a projected 1.09% first-year return on $65,250 initial cash invested.

1.09%

Cash On Cash

7.21%

Cap Rate

1.12

DSCR

$2,116

Rent

$59

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,116 income − $2,057 expenses = $59 cash flow

Income$2,116Mortgage P&I$1,20857%Property Taxes$502%Insurance$794%Management$25412%CapEx$854%Vacancy$633%Maintenance$854%Other$23311%Cash Flow$59

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,116

Total Expenses

$2,057

Mortgage P&I

57%

$1,208

Property Taxes

2%

$50

Home Insurance

4%

$79

HOA

0%

$0

Property Management

12%

$254

CapEx

4%

$85

Vacancy

3%

$63

Maintenance

4%

$85

Other

11%

$233

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