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$2,360 (target)

282 Blake Dr, Midland City, AL 36350

3 beds • 2 baths • 1183 sqft

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This property could be a profitable Mid-Term investment with a projected 10.66% first-year return on $55,380 initial cash invested.

10.66%

Cash On Cash

10.49%

Cap Rate

1.6

DSCR

$2,360

Rent

$492

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,360 income − $1,868 expenses = $492 cash flow

Income$2,360Mortgage P&I$97041%Property Taxes$331%Insurance$633%Management$28312%CapEx$944%Vacancy$713%Maintenance$944%Other$26011%Cash Flow$492

Investment Breakdown

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Purchase Price

$178k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,380

Downpayment

20%

$35,600

Closing costs

1%

$1,780

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,360

Total Expenses

$1,868

Mortgage P&I

41%

$970

Property Taxes

1%

$33

Home Insurance

3%

$63

HOA

0%

$0

Property Management

12%

$283

CapEx

4%

$94

Vacancy

3%

$71

Maintenance

4%

$94

Other

11%

$260

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