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1612 Wilshire Ave SW, Decatur, AL 35603

3 beds • 2 baths • 1250 sqft

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This property might be a fair Mid-Term investment with a projected 3.08% first-year return on $64,389 initial cash invested.

3.08%

Cash On Cash

7.69%

Cap Rate

1.22

DSCR

$2,223

Rent

$165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$221k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,389

Downpayment

20%

$44,180

Closing costs

1%

$2,209

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,223

Total Expenses

$2,058

Mortgage P&I

52%

$1,161

Property Taxes

3%

$65

Home Insurance

3%

$75

HOA

0%

$0

Property Management

12%

$267

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$245

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