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$2,739 (target)

219 Driftwood Ave, Fairhope, AL 36532

3 beds • 2 baths • 2222 sqft

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This property looks like a bad Mid-Term investment with a projected -6.17% first-year return on $102k initial cash invested.

-6.17%

Cash On Cash

4.86%

Cap Rate

0.8

DSCR

$2,739

Rent

-$524

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,739 income − $3,263 expenses = $524 out of pocket

Income$2,739Out of Pocket$524Mortgage P&I$2,03074%Property Taxes$1435%Insurance$1455%HOA$13Management$32912%CapEx$1104%Vacancy$823%Maintenance$1104%Other$30111%

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,860

Closing costs

1%

$3,993

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,739

Total Expenses

$3,263

Mortgage P&I

74%

$2,030

Property Taxes

5%

$143

Home Insurance

5%

$145

HOA

0%

$13

Property Management

12%

$329

CapEx

4%

$110

Vacancy

3%

$82

Maintenance

4%

$110

Other

11%

$301

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