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$2,403 (target)

2040 Sandy Ave SW, Cullman, AL 35055

3 beds • 2 baths • 1398 sqft

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This property might be a fair Mid-Term investment with a projected 5.51% first-year return on $62,898 initial cash invested.

5.51%

Cash On Cash

8.74%

Cap Rate

1.33

DSCR

$2,403

Rent

$289

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,403 income − $2,114 expenses = $289 cash flow

Income$2,403Mortgage P&I$1,17249%Property Taxes$562%Insurance$703%Management$28812%CapEx$964%Vacancy$723%Maintenance$964%Other$26411%Cash Flow$289

Investment Breakdown

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Purchase Price

$214k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,898

Downpayment

20%

$42,760

Closing costs

1%

$2,138

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,403

Total Expenses

$2,114

Mortgage P&I

49%

$1,172

Property Taxes

2%

$56

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$288

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$264

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