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$2,247 (target)

3009 Palomino Dr E, Mobile, AL 36693

3 beds • 2 baths • 1636 sqft

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This property might be a fair Mid-Term investment with a projected 1.49% first-year return on $61,323 initial cash invested.

1.49%

Cash On Cash

7.68%

Cap Rate

1.14

DSCR

$2,247

Rent

$76

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,247 income − $2,171 expenses = $76 cash flow

Income$2,247Mortgage P&I$1,15451%Property Taxes$1808%Insurance$733%Management$27012%CapEx$904%Vacancy$673%Maintenance$904%Other$24711%Cash Flow$76

Investment Breakdown

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Purchase Price

$206k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,323

Downpayment

20%

$41,260

Closing costs

1%

$2,063

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,247

Total Expenses

$2,171

Mortgage P&I

51%

$1,154

Property Taxes

8%

$180

Home Insurance

3%

$73

HOA

0%

$0

Property Management

12%

$270

CapEx

4%

$90

Vacancy

3%

$67

Maintenance

4%

$90

Other

11%

$247

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