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$3,698 (target)

2701 Highway 39, Chelsea, AL 35043

3 beds • 3 baths • 3306 sqft

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This property looks like a bad Mid-Term investment with a projected -1.7% first-year return on $114k initial cash invested.

-1.7%

Cash On Cash

6.08%

Cap Rate

0.99

DSCR

$3,698

Rent

-$161

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,698 income − $3,859 expenses = $161 out of pocket

Income$3,698Out of Pocket$161Mortgage P&I$2,32263%Property Taxes$1073%Insurance$1725%Management$44412%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40711%

Investment Breakdown

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Purchase Price

$455k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,080

Closing costs

1%

$4,554

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,698

Total Expenses

$3,859

Mortgage P&I

63%

$2,322

Property Taxes

3%

$107

Home Insurance

5%

$172

HOA

0%

$0

Property Management

12%

$444

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$407

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