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$2,790 (target)

1537 Ridge St NW, Cullman, AL 35055

3 beds • 2 baths • 1800 sqft

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This property might be a fair Mid-Term investment with a projected 2.63% first-year return on $80,790 initial cash invested.

2.63%

Cash On Cash

7.17%

Cap Rate

1.19

DSCR

$2,790

Rent

$177

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,790 income − $2,613 expenses = $177 cash flow

Income$2,790Mortgage P&I$1,49754%Property Taxes$612%Insurance$1054%Management$33512%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30711%Cash Flow$177

Investment Breakdown

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Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,790

Downpayment

20%

$59,800

Closing costs

1%

$2,990

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,790

Total Expenses

$2,613

Mortgage P&I

54%

$1,497

Property Taxes

2%

$61

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$335

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$307

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