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$3,570 (target)

301 Oconee Dr, Midland City, AL 36350

3 beds • 3 baths • 2511 sqft

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This property looks like a bad Mid-Term investment with a projected -1% first-year return on $110k initial cash invested.

-1%

Cash On Cash

6.09%

Cap Rate

1.02

DSCR

$3,570

Rent

-$92

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,570 income − $3,662 expenses = $92 out of pocket

Income$3,570Out of Pocket$92Mortgage P&I$2,17861%Property Taxes$1133%Insurance$1574%Management$42812%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39311%

Investment Breakdown

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Purchase Price

$439k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,800

Closing costs

1%

$4,390

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,570

Total Expenses

$3,662

Mortgage P&I

61%

$2,178

Property Taxes

3%

$113

Home Insurance

4%

$157

HOA

0%

$0

Property Management

12%

$428

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$393

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