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$1,942 (target)

223 3rd Ave NW, Arab, AL 35016

3 beds • 2 baths • 1100 sqft

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This property might be a fair Mid-Term investment with a projected 3.89% first-year return on $56,703 initial cash invested.

3.89%

Cash On Cash

8.18%

Cap Rate

1.26

DSCR

$1,942

Rent

$184

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,942 income − $1,758 expenses = $184 cash flow

Income$1,942Mortgage P&I$99551%Property Taxes$362%Insurance$663%Management$23312%CapEx$784%Vacancy$583%Maintenance$784%Other$21411%Cash Flow$184

Investment Breakdown

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Purchase Price

$184k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,703

Downpayment

20%

$36,860

Closing costs

1%

$1,843

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$1,942

Total Expenses

$1,758

Mortgage P&I

51%

$995

Property Taxes

2%

$36

Home Insurance

3%

$66

HOA

0%

$0

Property Management

12%

$233

CapEx

4%

$78

Vacancy

3%

$58

Maintenance

4%

$78

Other

11%

$214

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