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$3,126 (target)

1144 Fortner Rd, Wetumpka, AL 36092

3 beds • 4 baths • 2418 sqft

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This property looks like a bad Mid-Term investment with a projected -5.92% first-year return on $114k initial cash invested.

-5.92%

Cash On Cash

5.16%

Cap Rate

0.82

DSCR

$3,126

Rent

-$561

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,126 income − $3,687 expenses = $561 out of pocket

Income$3,126Out of Pocket$561Mortgage P&I$2,39677%Property Taxes$622%Insurance$1665%Management$37512%CapEx$1254%Vacancy$943%Maintenance$1254%Other$34411%

Investment Breakdown

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Purchase Price

$456k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,200

Closing costs

1%

$4,560

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,126

Total Expenses

$3,687

Mortgage P&I

77%

$2,396

Property Taxes

2%

$62

Home Insurance

5%

$166

HOA

0%

$0

Property Management

12%

$375

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$344

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