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$1,989 (target)

122 Lee Road 501, Phenix City, AL 36870

3 beds • 2 baths • 1303 sqft

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This property might be a fair Mid-Term investment with a projected 0.69% first-year return on $62,877 initial cash invested.

0.69%

Cash On Cash

7.06%

Cap Rate

1.1

DSCR

$1,989

Rent

$36

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,989 income − $1,953 expenses = $36 cash flow

Income$1,989Mortgage P&I$1,14257%Property Taxes$583%Insurance$754%Management$23912%CapEx$804%Vacancy$603%Maintenance$804%Other$21911%Cash Flow$36

Investment Breakdown

|

Purchase Price

$214k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,877

Downpayment

20%

$42,740

Closing costs

1%

$2,137

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,989

Total Expenses

$1,953

Mortgage P&I

57%

$1,142

Property Taxes

3%

$58

Home Insurance

4%

$75

HOA

0%

$0

Property Management

12%

$239

CapEx

4%

$80

Vacancy

3%

$60

Maintenance

4%

$80

Other

11%

$219

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