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118 Highland Dr, Bessemer, AL 35023

3 beds • 2 baths • 1440 sqft

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This property looks like a bad Long-Term investment with a projected -11.64% first-year return on $45,171 initial cash invested.

-11.64%

Cash On Cash

4.24%

Cap Rate

0.67

DSCR

$1,241

Rent

-$438

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,171

Downpayment

20%

$43,020

Closing costs

1%

$2,151

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,241

Total Expenses

$1,679

Mortgage P&I

92%

$1,136

Property Taxes

12%

$144

Home Insurance

6%

$77

HOA

0%

$0

Property Management

10%

$124

CapEx

5%

$62

Vacancy

6%

$74

Maintenance

5%

$62

Other

0%

$0

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