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$2,740 (target)

3011 Monterey Dr SW, Decatur, AL 35603

3 beds • 2 baths • 1605 sqft

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This property might be a fair Mid-Term investment with a projected 3.25% first-year return on $76,086 initial cash invested.

3.25%

Cash On Cash

7.62%

Cap Rate

1.22

DSCR

$2,740

Rent

$206

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,740 income − $2,534 expenses = $206 cash flow

Income$2,740Mortgage P&I$1,44153%Property Taxes$632%Insurance$984%Management$32912%CapEx$1104%Vacancy$823%Maintenance$1104%Other$30111%Cash Flow$206

Investment Breakdown

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Purchase Price

$277k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,086

Downpayment

20%

$55,320

Closing costs

1%

$2,766

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,740

Total Expenses

$2,534

Mortgage P&I

53%

$1,441

Property Taxes

2%

$63

Home Insurance

4%

$98

HOA

0%

$0

Property Management

12%

$329

CapEx

4%

$110

Vacancy

3%

$82

Maintenance

4%

$110

Other

11%

$301

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