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$4,270 (target)

3137 Iris Dr, Birmingham, AL 35244

3 beds • 2 baths • 2188 sqft

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This property looks like a bad Mid-Term investment with a projected -3.44% first-year return on $129k initial cash invested.

-3.44%

Cash On Cash

5.56%

Cap Rate

0.92

DSCR

$4,270

Rent

-$371

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,270 income − $4,641 expenses = $371 out of pocket

Income$4,270Out of Pocket$371Mortgage P&I$2,65362%Property Taxes$2426%Insurance$1864%HOA$1083%Management$51212%CapEx$1714%Vacancy$1283%Maintenance$1714%Other$47011%

Investment Breakdown

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Purchase Price

$530k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$106k

Closing costs

1%

$5,299

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,270

Total Expenses

$4,641

Mortgage P&I

62%

$2,653

Property Taxes

6%

$242

Home Insurance

4%

$186

HOA

3%

$108

Property Management

12%

$512

CapEx

4%

$171

Vacancy

3%

$128

Maintenance

4%

$171

Other

11%

$470

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