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$2,252 (target)

2314 Norwood Blvd, Florence, AL 35630

3 beds • 2 baths • 1410 sqft

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This property might be a fair Mid-Term investment with a projected 2.14% first-year return on $63,990 initial cash invested.

2.14%

Cash On Cash

7.63%

Cap Rate

1.17

DSCR

$2,252

Rent

$114

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,252 income − $2,138 expenses = $114 cash flow

Income$2,252Mortgage P&I$1,18853%Property Taxes$1075%Insurance$773%Management$27012%CapEx$904%Vacancy$683%Maintenance$904%Other$24811%Cash Flow$114

Investment Breakdown

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Purchase Price

$219k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,990

Downpayment

20%

$43,800

Closing costs

1%

$2,190

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,252

Total Expenses

$2,138

Mortgage P&I

53%

$1,188

Property Taxes

5%

$107

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$270

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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