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$2,714 (target)

1308 Laurence St, Birmingham, AL 35210

3 beds • 2 baths • 1156 sqft

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This property might be a fair Mid-Term investment with a projected 4.55% first-year return on $72,264 initial cash invested.

4.55%

Cash On Cash

7.83%

Cap Rate

1.29

DSCR

$2,714

Rent

$274

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,714 income − $2,440 expenses = $274 cash flow

Income$2,714Mortgage P&I$1,30248%Property Taxes$1094%Insurance$1054%Management$32612%CapEx$1094%Vacancy$813%Maintenance$1094%Other$29911%Cash Flow$274

Investment Breakdown

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Purchase Price

$258k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,264

Downpayment

20%

$51,680

Closing costs

1%

$2,584

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,714

Total Expenses

$2,440

Mortgage P&I

48%

$1,302

Property Taxes

4%

$109

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$326

CapEx

4%

$109

Vacancy

3%

$81

Maintenance

4%

$109

Other

11%

$299

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