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$1,656 (target)

2216 Argyle Way, Gadsden, AL 35904

3 beds • 2 baths • 1976 sqft

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This property looks like a bad Mid-Term investment with a projected -6.6% first-year return on $70,521 initial cash invested.

-6.6%

Cash On Cash

4.57%

Cap Rate

0.75

DSCR

$1,656

Rent

-$388

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,656 income − $2,044 expenses = $388 out of pocket

Income$1,656Out of Pocket$388Mortgage P&I$1,27577%Property Taxes$1157%Insurance$915%Management$19912%CapEx$664%Vacancy$503%Maintenance$664%Other$18211%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,521

Downpayment

20%

$50,020

Closing costs

1%

$2,501

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,656

Total Expenses

$2,044

Mortgage P&I

77%

$1,275

Property Taxes

7%

$115

Home Insurance

6%

$91

HOA

0%

$0

Property Management

12%

$199

CapEx

4%

$66

Vacancy

3%

$50

Maintenance

4%

$66

Other

11%

$182

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