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199 Monica Ave, Decatur, AL 35603

3 beds • 2 baths • 1522 sqft

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This property looks like a bad Long-Term investment with a projected -5.02% first-year return on $53,550 initial cash invested.

-5.02%

Cash On Cash

5.23%

Cap Rate

0.89

DSCR

$1,610

Rent

-$224

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$255k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,550

Downpayment

20%

$51,000

Closing costs

1%

$2,550

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,610

Total Expenses

$1,834

Mortgage P&I

78%

$1,255

Property Taxes

4%

$72

Home Insurance

6%

$89

HOA

0%

$0

Property Management

10%

$161

CapEx

5%

$80

Vacancy

6%

$97

Maintenance

5%

$80

Other

0%

$0

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Comparable Property

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Beds

Baths

SQFT

Distance

8 Easy St, Decatur, AL 35603

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1657

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2

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2

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1.7 mi

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2

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1.3 mi

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1.3 mi

1255 S Forest Knoll St

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2

1

0.9 mi

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$2,850

5

4

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0.6 mi

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$1,100

2

1

2020

0.9 mi

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$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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