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$2,246 (target)

201 Larkwood Dr SW, Decatur, AL 35601

3 beds • 2 baths • 1509 sqft

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This property might be a fair Mid-Term investment with a projected 3.44% first-year return on $61,365 initial cash invested.

3.44%

Cash On Cash

8.09%

Cap Rate

1.24

DSCR

$2,246

Rent

$176

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,246 income − $2,070 expenses = $176 cash flow

Income$2,246Mortgage P&I$1,12750%Property Taxes$1055%Insurance$743%Management$27012%CapEx$904%Vacancy$673%Maintenance$904%Other$24711%Cash Flow$176

Investment Breakdown

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Purchase Price

$207k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,365

Downpayment

20%

$41,300

Closing costs

1%

$2,065

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,246

Total Expenses

$2,070

Mortgage P&I

50%

$1,127

Property Taxes

5%

$105

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$270

CapEx

4%

$90

Vacancy

3%

$67

Maintenance

4%

$90

Other

11%

$247

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