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$1,842 (target)

151 Mill St, Wedowee, AL 36278

3 beds • 2 baths • 1415 sqft

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This property might be a fair Mid-Term investment with a projected 2.13% first-year return on $57,900 initial cash invested.

2.13%

Cash On Cash

7.5%

Cap Rate

1.18

DSCR

$1,842

Rent

$103

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,842 income − $1,739 expenses = $103 cash flow

Income$1,842Mortgage P&I$1,01155%Property Taxes$352%Insurance$664%Management$22112%CapEx$744%Vacancy$553%Maintenance$744%Other$20311%Cash Flow$103

Investment Breakdown

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Purchase Price

$190k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,900

Downpayment

20%

$38,000

Closing costs

1%

$1,900

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$1,842

Total Expenses

$1,739

Mortgage P&I

55%

$1,011

Property Taxes

2%

$35

Home Insurance

4%

$66

HOA

0%

$0

Property Management

12%

$221

CapEx

4%

$74

Vacancy

3%

$55

Maintenance

4%

$74

Other

11%

$203

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