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$3,052 (target)

1581 Redland Rd, Wetumpka, AL 36093

3 beds • 3 baths • 2690 sqft

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This property looks like a bad Mid-Term investment with a projected -7.52% first-year return on $118k initial cash invested.

-7.52%

Cash On Cash

4.79%

Cap Rate

0.75

DSCR

$3,052

Rent

-$742

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,052 income − $3,794 expenses = $742 out of pocket

Income$3,052Out of Pocket$742Mortgage P&I$2,52983%Property Taxes$522%Insurance$1756%Management$36612%CapEx$1224%Vacancy$923%Maintenance$1224%Other$33611%

Investment Breakdown

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Purchase Price

$478k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,660

Closing costs

1%

$4,783

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,052

Total Expenses

$3,794

Mortgage P&I

83%

$2,529

Property Taxes

2%

$52

Home Insurance

6%

$175

HOA

0%

$0

Property Management

12%

$366

CapEx

4%

$122

Vacancy

3%

$92

Maintenance

4%

$122

Other

11%

$336

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