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$2,836 (target)

2601 Shoal Pl, Northport, AL 35473

3 beds • 2 baths • 1864 sqft

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This property might be a fair Mid-Term investment with a projected 1.8% first-year return on $79,929 initial cash invested.

1.8%

Cash On Cash

7.2%

Cap Rate

1.15

DSCR

$2,836

Rent

$120

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,836 income − $2,716 expenses = $120 cash flow

Income$2,836Mortgage P&I$1,53654%Property Taxes$973%Insurance$1034%HOA$171%Management$34012%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31211%Cash Flow$120

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,929

Downpayment

20%

$58,980

Closing costs

1%

$2,949

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,836

Total Expenses

$2,716

Mortgage P&I

54%

$1,536

Property Taxes

3%

$97

Home Insurance

4%

$103

HOA

1%

$17

Property Management

12%

$340

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$312

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