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1413 2nd St NE, Arab, AL 35016

3 beds • 2 baths • 1287 sqft

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This property looks like a bad Long-Term investment with a projected -8.21% first-year return on $40,194 initial cash invested.

-8.21%

Cash On Cash

5.02%

Cap Rate

0.79

DSCR

$1,154

Rent

-$275

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$191k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,194

Downpayment

20%

$38,280

Closing costs

1%

$1,914

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,154

Total Expenses

$1,429

Mortgage P&I

88%

$1,018

Property Taxes

4%

$41

Home Insurance

6%

$70

HOA

0%

$0

Property Management

10%

$115

CapEx

5%

$58

Vacancy

6%

$69

Maintenance

5%

$58

Other

0%

$0

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