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$1,826 (target)

219 Driftwood Ave, Fairhope, AL 36532

3 beds • 2 baths • 2222 sqft

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This property looks like a bad Long-Term investment with a projected -14.02% first-year return on $83,853 initial cash invested.

-14.02%

Cash On Cash

3.43%

Cap Rate

0.56

DSCR

$1,826

Rent

-$980

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,826 income − $2,806 expenses = $980 out of pocket

Income$1,826Out of Pocket$980Mortgage P&I$2,030111%Property Taxes$1438%Insurance$1458%HOA$131%Management$18310%CapEx$915%Vacancy$1106%Maintenance$915%

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,853

Downpayment

20%

$79,860

Closing costs

1%

$3,993

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,826

Total Expenses

$2,806

Mortgage P&I

111%

$2,030

Property Taxes

8%

$143

Home Insurance

8%

$145

HOA

1%

$13

Property Management

10%

$183

CapEx

5%

$91

Vacancy

6%

$110

Maintenance

5%

$91

Other

0%

$0

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