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$2,895 (target)

1841 Courtney Ave, Florence, AL 35630

3 beds • 2 baths • 2010 sqft

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This property looks like a bad Mid-Term investment with a projected -1.63% first-year return on $95,574 initial cash invested.

-1.63%

Cash On Cash

5.94%

Cap Rate

0.99

DSCR

$2,895

Rent

-$130

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,895 income − $3,025 expenses = $130 out of pocket

Income$2,895Out of Pocket$130Mortgage P&I$1,84464%Property Taxes$612%Insurance$1365%Management$34712%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31811%

Investment Breakdown

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Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,574

Downpayment

20%

$73,880

Closing costs

1%

$3,694

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,895

Total Expenses

$3,025

Mortgage P&I

64%

$1,844

Property Taxes

2%

$61

Home Insurance

5%

$136

HOA

0%

$0

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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