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308 Whaley Ave NE, Hanceville, AL 35077

3 beds • 2 baths • 1140 sqft

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This property looks like a bad Long-Term investment with a projected -3.04% first-year return on $41,790 initial cash invested.

-3.04%

Cash On Cash

5.96%

Cap Rate

0.96

DSCR

$1,400

Rent

-$106

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$199k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,790

Downpayment

20%

$39,800

Closing costs

1%

$1,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,400

Total Expenses

$1,506

Mortgage P&I

73%

$1,024

Property Taxes

3%

$48

Home Insurance

5%

$70

HOA

0%

$0

Property Management

10%

$140

CapEx

5%

$70

Vacancy

6%

$84

Maintenance

5%

$70

Other

0%

$0

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Comparable Property

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Beds

Baths

SQFT

Distance

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2

1305

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3

2

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3

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0.6 mi

104 W Rancho Del Cerro

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2

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1.3 mi

1255 S Forest Knoll St

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2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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2

1

2020

0.9 mi

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$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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