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$2,416 (target)

1305 Cloverdale Ave SW, Decatur, AL 35601

3 beds • 2 baths • 1625 sqft

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This property might be a fair Mid-Term investment with a projected 3.11% first-year return on $68,379 initial cash invested.

3.11%

Cash On Cash

7.85%

Cap Rate

1.21

DSCR

$2,416

Rent

$177

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,416 income − $2,239 expenses = $177 cash flow

Income$2,416Mortgage P&I$1,29554%Property Taxes$361%Insurance$864%Management$29012%CapEx$974%Vacancy$723%Maintenance$974%Other$26611%Cash Flow$177

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,416

Total Expenses

$2,239

Mortgage P&I

54%

$1,295

Property Taxes

1%

$36

Home Insurance

4%

$86

HOA

0%

$0

Property Management

12%

$290

CapEx

4%

$97

Vacancy

3%

$72

Maintenance

4%

$97

Other

11%

$266

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