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$1,566 (target)

1616 Mississippi St, Mobile, AL 36618

3 beds • 2 baths • 1423 sqft

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This property might be a fair Long-Term investment with a projected 5.78% first-year return on $34,062 initial cash invested.

5.78%

Cash On Cash

8.32%

Cap Rate

1.27

DSCR

$1,566

Rent

$164

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,566 income − $1,402 expenses = $164 cash flow

Income$1,566Mortgage P&I$88256%Property Taxes$674%Insurance$463%Management$15710%CapEx$785%Vacancy$946%Maintenance$785%Cash Flow$164

Investment Breakdown

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Purchase Price

$162k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$34,062

Downpayment

20%

$32,440

Closing costs

1%

$1,622

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,566

Total Expenses

$1,402

Mortgage P&I

56%

$882

Property Taxes

4%

$67

Home Insurance

3%

$46

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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