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2416 Cove Cir NE, Birmingham, AL 35215

3 beds • 2 baths • 1526 sqft

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This property could be a profitable Mid-Term investment with a projected 11.89% first-year return on $51,579 initial cash invested.

11.89%

Cash On Cash

10.84%

Cap Rate

1.71

DSCR

$2,259

Rent

$511

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$160k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,579

Downpayment

20%

$31,980

Closing costs

1%

$1,599

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,259

Total Expenses

$1,748

Mortgage P&I

37%

$844

Property Taxes

4%

$81

Home Insurance

2%

$56

HOA

0%

$0

Property Management

12%

$271

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$248

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