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$2,176 (target)

136 Melissa St, Midland City, AL 36350

3 beds • 2 baths • 1346 sqft

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This property could be a profitable Mid-Term investment with a projected 14.28% first-year return on $47,988 initial cash invested.

14.28%

Cash On Cash

12.04%

Cap Rate

1.85

DSCR

$2,176

Rent

$571

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,176 income − $1,605 expenses = $571 cash flow

Income$2,176Mortgage P&I$77536%Property Taxes$402%Insurance$512%Management$26112%CapEx$874%Vacancy$653%Maintenance$874%Other$23911%Cash Flow$571

Investment Breakdown

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Purchase Price

$143k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,988

Downpayment

20%

$28,560

Closing costs

1%

$1,428

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$2,176

Total Expenses

$1,605

Mortgage P&I

36%

$775

Property Taxes

2%

$40

Home Insurance

2%

$51

HOA

0%

$0

Property Management

12%

$261

CapEx

4%

$87

Vacancy

3%

$65

Maintenance

4%

$87

Other

11%

$239

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