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$2,242 (target)

1416 Leota Lake Dr S, Southside, AL 35907

3 beds • 3 baths • 2367 sqft

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This property looks like a bad Mid-Term investment with a projected -11.18% first-year return on $108k initial cash invested.

-11.18%

Cash On Cash

3.44%

Cap Rate

0.57

DSCR

$2,242

Rent

-$1,007

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,242 income − $3,249 expenses = $1,007 out of pocket

Income$2,242Out of Pocket$1,007Mortgage P&I$2,14696%Property Taxes$1908%Insurance$1507%Management$26912%CapEx$904%Vacancy$673%Maintenance$904%Other$24711%

Investment Breakdown

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Purchase Price

$429k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,800

Closing costs

1%

$4,290

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,242

Total Expenses

$3,249

Mortgage P&I

96%

$2,146

Property Taxes

8%

$190

Home Insurance

7%

$150

HOA

0%

$0

Property Management

12%

$269

CapEx

4%

$90

Vacancy

3%

$67

Maintenance

4%

$90

Other

11%

$247

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