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$2,348 (target)

2005 Conway Dr, Florence, AL 35630

3 beds • 2 baths • 1638 sqft

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This property might be a fair Mid-Term investment with a projected 0.67% first-year return on $68,379 initial cash invested.

0.67%

Cash On Cash

7.07%

Cap Rate

1.1

DSCR

$2,348

Rent

$38

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,348 income − $2,310 expenses = $38 cash flow

Income$2,348Mortgage P&I$1,28155%Property Taxes$1476%Insurance$844%Management$28212%CapEx$944%Vacancy$703%Maintenance$944%Other$25811%Cash Flow$38

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,348

Total Expenses

$2,310

Mortgage P&I

55%

$1,281

Property Taxes

6%

$147

Home Insurance

4%

$84

HOA

0%

$0

Property Management

12%

$282

CapEx

4%

$94

Vacancy

3%

$70

Maintenance

4%

$94

Other

11%

$258

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