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216 Norden Dr E, Mobile, AL 36608

3 beds • 2 baths • 1528 sqft

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This property looks like a bad Long-Term investment with a projected -4.59% first-year return on $53,340 initial cash invested.

-4.59%

Cash On Cash

5.76%

Cap Rate

0.91

DSCR

$1,750

Rent

-$204

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,750 income − $1,954 expenses = $204 out of pocket

Income$1,750Out of Pocket$204Mortgage P&I$1,33576%Property Taxes$734%Insurance$905%Management$17510%CapEx$885%Vacancy$1056%Maintenance$885%

Investment Breakdown

|

Purchase Price

$254k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,340

Downpayment

20%

$50,800

Closing costs

1%

$2,540

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,750

Total Expenses

$1,954

Mortgage P&I

76%

$1,335

Property Taxes

4%

$73

Home Insurance

5%

$90

HOA

0%

$0

Property Management

10%

$175

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

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3

2

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2

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2

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1.3 mi

1255 S Forest Knoll St

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2

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$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

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0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

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0.9 mi

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$2,850

5

4

3030

0.6 mi

Projection Charts

Investment Value YoY

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