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$3,044 (target)

128 Richmond Rd, Daphne, AL 36526

3 beds • 3 baths • 1496 sqft

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This property might be a fair Mid-Term investment with a projected 8.33% first-year return on $71,298 initial cash invested.

8.33%

Cash On Cash

9.39%

Cap Rate

1.45

DSCR

$3,044

Rent

$495

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,044 income − $2,549 expenses = $495 cash flow

Income$3,044Mortgage P&I$1,37045%Property Taxes$532%Insurance$913%Management$36512%CapEx$1224%Vacancy$913%Maintenance$1224%Other$33511%Cash Flow$495

Investment Breakdown

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Purchase Price

$254k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,298

Downpayment

20%

$50,760

Closing costs

1%

$2,538

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,044

Total Expenses

$2,549

Mortgage P&I

45%

$1,370

Property Taxes

2%

$53

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$365

CapEx

4%

$122

Vacancy

3%

$91

Maintenance

4%

$122

Other

11%

$335

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