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$2,616 (target)

284 Echols Rd, Gardendale, AL 35071

3 beds • 2 baths • 1621 sqft

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This property might be a fair Mid-Term investment with a projected 2.91% first-year return on $70,479 initial cash invested.

2.91%

Cash On Cash

7.76%

Cap Rate

1.21

DSCR

$2,616

Rent

$171

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,616 income − $2,445 expenses = $171 cash flow

Income$2,616Mortgage P&I$1,34051%Property Taxes$1275%Insurance$883%Management$31412%CapEx$1054%Vacancy$783%Maintenance$1054%Other$28811%Cash Flow$171

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,616

Total Expenses

$2,445

Mortgage P&I

51%

$1,340

Property Taxes

5%

$127

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$314

CapEx

4%

$105

Vacancy

3%

$78

Maintenance

4%

$105

Other

11%

$288

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