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2416 Cove Cir NE, Birmingham, AL 35215

3 beds • 2 baths • 1526 sqft

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This property might be a fair Long-Term investment with a projected 4.79% first-year return on $33,579 initial cash invested.

4.79%

Cash On Cash

7.9%

Cap Rate

1.25

DSCR

$1,506

Rent

$134

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

$33,579

Downpayment

20%

$31,980

Closing costs

1%

$1,599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,506

Total Expenses

$1,372

Mortgage P&I

56%

$844

Property Taxes

5%

$81

Home Insurance

4%

$56

HOA

0%

$0

Property Management

10%

$151

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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