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$2,422 (target)

3017 Worthington Pl, Birmingham, AL 35215

3 beds • 2 baths • 1546 sqft

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This property might be a fair Mid-Term investment with a projected 6.29% first-year return on $58,215 initial cash invested.

6.29%

Cash On Cash

8.96%

Cap Rate

1.39

DSCR

$2,422

Rent

$305

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,422 income − $2,117 expenses = $305 cash flow

Income$2,422Mortgage P&I$1,02842%Property Taxes$2169%Insurance$492%Management$29112%CapEx$974%Vacancy$733%Maintenance$974%Other$26611%Cash Flow$305

Investment Breakdown

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Purchase Price

$192k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,215

Downpayment

20%

$38,300

Closing costs

1%

$1,915

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,422

Total Expenses

$2,117

Mortgage P&I

42%

$1,028

Property Taxes

9%

$216

Home Insurance

2%

$49

HOA

0%

$0

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$266

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