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2641 Fairmont Rd, Montgomery, AL 36111

3 beds • 2 baths • 1698 sqft

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This property might be a fair Long-Term investment with a projected 4.23% first-year return on $31,479 initial cash invested.

4.23%

Cash On Cash

7.54%

Cap Rate

1.24

DSCR

$1,410

Rent

$111

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$150k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$31,479

Downpayment

20%

$29,980

Closing costs

1%

$1,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,410

Total Expenses

$1,299

Mortgage P&I

54%

$761

Property Taxes

9%

$120

Home Insurance

4%

$52

HOA

0%

$0

Property Management

10%

$141

CapEx

5%

$70

Vacancy

6%

$85

Maintenance

5%

$70

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

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$1,250

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2

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2

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3

2

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3

2

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0.8 mi

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4

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1.3 mi

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2

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0.9 mi

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$2,850

5

4

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0.6 mi

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2

1

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0.9 mi

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$2,850

5

4

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0.6 mi

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$1,100

2

1

2020

0.9 mi

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$2,850

5

4

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0.6 mi

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