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$3,555 (target)

2637 Melvin Ave, Saint Louis, MO 63144

3 beds • 2 baths • 1501 sqft

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This property might be a fair Mid-Term investment with a projected 4.58% first-year return on $83,520 initial cash invested.

4.58%

Cash On Cash

7.82%

Cap Rate

1.29

DSCR

$3,555

Rent

$319

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,555 income − $3,236 expenses = $319 cash flow

Income$3,555Mortgage P&I$1,57244%Property Taxes$3339%Insurance$1223%Management$42712%CapEx$1424%Vacancy$1073%Maintenance$1424%Other$39111%Cash Flow$319

Investment Breakdown

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Purchase Price

$312k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,520

Downpayment

20%

$62,400

Closing costs

1%

$3,120

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,555

Total Expenses

$3,236

Mortgage P&I

44%

$1,572

Property Taxes

9%

$333

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$427

CapEx

4%

$142

Vacancy

3%

$107

Maintenance

4%

$142

Other

11%

$391

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