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$3,140 (target)

3016 Virginia Dr, Bessemer, AL 35023

3 beds • 2 baths • 1835 sqft

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This property could be a profitable Mid-Term investment with a projected 10.21% first-year return on $71,550 initial cash invested.

10.21%

Cash On Cash

9.51%

Cap Rate

1.57

DSCR

$3,140

Rent

$609

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,140 income − $2,531 expenses = $609 cash flow

Income$3,140Mortgage P&I$1,28541%Property Taxes$893%Insurance$893%Management$37712%CapEx$1264%Vacancy$943%Maintenance$1264%Other$34511%Cash Flow$609

Investment Breakdown

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Purchase Price

$255k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,550

Downpayment

20%

$51,000

Closing costs

1%

$2,550

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,140

Total Expenses

$2,531

Mortgage P&I

41%

$1,285

Property Taxes

3%

$89

Home Insurance

3%

$89

HOA

0%

$0

Property Management

12%

$377

CapEx

4%

$126

Vacancy

3%

$94

Maintenance

4%

$126

Other

11%

$345

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