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$2,640 (target)

2930 Shannon Wenonah Rd, Bessemer, AL 35022

3 beds • 2 baths • 1693 sqft

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This property might be a fair Mid-Term investment with a projected 8.91% first-year return on $60,882 initial cash invested.

8.91%

Cash On Cash

9.97%

Cap Rate

1.49

DSCR

$2,640

Rent

$452

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,640 income − $2,188 expenses = $452 cash flow

Income$2,640Mortgage P&I$1,13943%Property Taxes$723%Insurance$793%Management$31712%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29011%Cash Flow$452

Investment Breakdown

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Purchase Price

$204k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,882

Downpayment

20%

$40,840

Closing costs

1%

$2,042

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,640

Total Expenses

$2,188

Mortgage P&I

43%

$1,139

Property Taxes

3%

$72

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$317

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$290

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