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$5,674 (target)

1719 Ridge Rd, Homewood, AL 35209

3 beds • 3 baths • 2173 sqft

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This property looks like a bad Mid-Term investment with a projected -4.96% first-year return on $164k initial cash invested.

-4.96%

Cash On Cash

5.78%

Cap Rate

0.88

DSCR

$5,674

Rent

-$679

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,674 income − $6,353 expenses = $679 out of pocket

Income$5,674Out of Pocket$679Mortgage P&I$3,81067%Property Taxes$3646%Insurance$2504%Management$68112%CapEx$2274%Vacancy$1703%Maintenance$2274%Other$62411%

Investment Breakdown

|

Purchase Price

$697k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$164k

Downpayment

20%

$139k

Closing costs

1%

$6,967

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,674

Total Expenses

$6,353

Mortgage P&I

67%

$3,810

Property Taxes

6%

$364

Home Insurance

4%

$250

HOA

0%

$0

Property Management

12%

$681

CapEx

4%

$227

Vacancy

3%

$170

Maintenance

4%

$227

Other

11%

$624

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