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$2,337 (target)

1715 Iris St SW, Decatur, AL 35601

3 beds • 2 baths • 1971 sqft

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This property might be a fair Mid-Term investment with a projected 2.01% first-year return on $67,350 initial cash invested.

2.01%

Cash On Cash

7.6%

Cap Rate

1.16

DSCR

$2,337

Rent

$113

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,337 income − $2,224 expenses = $113 cash flow

Income$2,337Mortgage P&I$1,28255%Property Taxes$673%Insurance$824%Management$28012%CapEx$934%Vacancy$703%Maintenance$934%Other$25711%Cash Flow$113

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,337

Total Expenses

$2,224

Mortgage P&I

55%

$1,282

Property Taxes

3%

$67

Home Insurance

4%

$82

HOA

0%

$0

Property Management

12%

$280

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$257

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