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$2,238 (target)

1406 10th Ave SE, Decatur, AL 35601

3 beds • 2 baths • 1380 sqft

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This property might be a fair Mid-Term investment with a projected 4.79% first-year return on $61,071 initial cash invested.

4.79%

Cash On Cash

8.58%

Cap Rate

1.29

DSCR

$2,238

Rent

$244

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,238 income − $1,994 expenses = $244 cash flow

Income$2,238Mortgage P&I$1,13351%Property Taxes$251%Insurance$743%Management$26912%CapEx$904%Vacancy$673%Maintenance$904%Other$24611%Cash Flow$244

Investment Breakdown

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Purchase Price

$205k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,071

Downpayment

20%

$41,020

Closing costs

1%

$2,051

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,238

Total Expenses

$1,994

Mortgage P&I

51%

$1,133

Property Taxes

1%

$25

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$269

CapEx

4%

$90

Vacancy

3%

$67

Maintenance

4%

$90

Other

11%

$246

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