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$3,903 (target)

1904 Ridge Ave, Montgomery, AL 36106

3 beds • 3 baths • 2532 sqft

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This property could be a profitable Mid-Term investment with a projected 10.27% first-year return on $85,536 initial cash invested.

10.27%

Cash On Cash

9.39%

Cap Rate

1.55

DSCR

$3,903

Rent

$732

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,903 income − $3,171 expenses = $732 cash flow

Income$3,903Mortgage P&I$1,62842%Property Taxes$1013%Insurance$1163%Management$46812%CapEx$1564%Vacancy$1173%Maintenance$1564%Other$42911%Cash Flow$732

Investment Breakdown

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Purchase Price

$322k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,536

Downpayment

20%

$64,320

Closing costs

1%

$3,216

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,903

Total Expenses

$3,171

Mortgage P&I

42%

$1,628

Property Taxes

3%

$101

Home Insurance

3%

$116

HOA

0%

$0

Property Management

12%

$468

CapEx

4%

$156

Vacancy

3%

$117

Maintenance

4%

$156

Other

11%

$429

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