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$2,349 (target)

1616 Mississippi St, Mobile, AL 36618

3 beds • 2 baths • 1423 sqft

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This property could be a profitable Mid-Term investment with a projected 12.82% first-year return on $52,062 initial cash invested.

12.82%

Cash On Cash

11.33%

Cap Rate

1.74

DSCR

$2,349

Rent

$556

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,349 income − $1,793 expenses = $556 cash flow

Income$2,349Mortgage P&I$88238%Property Taxes$673%Insurance$462%Management$28212%CapEx$944%Vacancy$703%Maintenance$944%Other$25811%Cash Flow$556

Investment Breakdown

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Purchase Price

$162k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,062

Downpayment

20%

$32,440

Closing costs

1%

$1,622

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,349

Total Expenses

$1,793

Mortgage P&I

38%

$882

Property Taxes

3%

$67

Home Insurance

2%

$46

HOA

0%

$0

Property Management

12%

$282

CapEx

4%

$94

Vacancy

3%

$70

Maintenance

4%

$94

Other

11%

$258

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