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$2,270 (target)

29434 8th Ave E, Ardmore, AL 35739

3 beds • 2 baths • 1713 sqft

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This property might be a fair Mid-Term investment with a projected 0.54% first-year return on $68,379 initial cash invested.

0.54%

Cash On Cash

7.28%

Cap Rate

1.09

DSCR

$2,270

Rent

$31

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,270 income − $2,239 expenses = $31 cash flow

Income$2,270Mortgage P&I$1,33459%Property Taxes$492%Insurance$844%Management$27212%CapEx$914%Vacancy$683%Maintenance$914%Other$25011%Cash Flow$31

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,270

Total Expenses

$2,239

Mortgage P&I

59%

$1,334

Property Taxes

2%

$49

Home Insurance

4%

$84

HOA

0%

$0

Property Management

12%

$272

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$250

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