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$1,920 (target)

29 Paddock Dr, Fairhope, AL 36532

3 beds • 2 baths • 2030 sqft

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This property looks like a bad Long-Term investment with a projected -20.89% first-year return on $126k initial cash invested.

-20.89%

Cash On Cash

1.97%

Cap Rate

0.32

DSCR

$1,920

Rent

-$2,190

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,920 income − $4,110 expenses = $2,190 out of pocket

Income$1,920Out of Pocket$2,190Mortgage P&I$3,076160%Property Taxes$32517%Insurance$21011%Management$19210%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

|

Purchase Price

$599k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$5,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,920

Total Expenses

$4,110

Mortgage P&I

160%

$3,076

Property Taxes

17%

$325

Home Insurance

11%

$210

HOA

0%

$0

Property Management

10%

$192

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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