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$2,880 (target)

29 Paddock Dr, Fairhope, AL 36532

3 beds • 2 baths • 2030 sqft

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This property looks like a bad Mid-Term investment with a projected -14.27% first-year return on $144k initial cash invested.

-14.27%

Cash On Cash

2.97%

Cap Rate

0.48

DSCR

$2,880

Rent

-$1,710

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,880 income − $4,590 expenses = $1,710 out of pocket

Income$2,880Out of Pocket$1,710Mortgage P&I$3,076107%Property Taxes$32511%Insurance$2107%Management$34612%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31711%

Investment Breakdown

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Purchase Price

$599k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,990

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,880

Total Expenses

$4,590

Mortgage P&I

107%

$3,076

Property Taxes

11%

$325

Home Insurance

7%

$210

HOA

0%

$0

Property Management

12%

$346

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$317

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