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$1,918 (target)

1505 60th Ave E, Cottondale, AL 35453

3 beds • 2 baths • 1180 sqft

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This property might be a fair Mid-Term investment with a projected 4.51% first-year return on $55,128 initial cash invested.

4.51%

Cash On Cash

8.42%

Cap Rate

1.3

DSCR

$1,918

Rent

$207

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,918 income − $1,711 expenses = $207 cash flow

Income$1,918Mortgage P&I$95750%Property Taxes$382%Insurance$633%Management$23012%CapEx$774%Vacancy$583%Maintenance$774%Other$21111%Cash Flow$207

Investment Breakdown

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Purchase Price

$177k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,128

Downpayment

20%

$35,360

Closing costs

1%

$1,768

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$1,918

Total Expenses

$1,711

Mortgage P&I

50%

$957

Property Taxes

2%

$38

Home Insurance

3%

$63

HOA

0%

$0

Property Management

12%

$230

CapEx

4%

$77

Vacancy

3%

$58

Maintenance

4%

$77

Other

11%

$211

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