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$3,004 (target)

316 Harris Dr, Florence, AL 35634

3 beds • 3 baths • 3276 sqft

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This property looks like a bad Mid-Term investment with a projected -5.44% first-year return on $105k initial cash invested.

-5.44%

Cash On Cash

5.38%

Cap Rate

0.84

DSCR

$3,004

Rent

-$476

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,004 income − $3,480 expenses = $476 out of pocket

Income$3,004Out of Pocket$476Mortgage P&I$2,21274%Property Taxes$963%Insurance$1525%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%

Investment Breakdown

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Purchase Price

$414k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,840

Closing costs

1%

$4,142

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,004

Total Expenses

$3,480

Mortgage P&I

74%

$2,212

Property Taxes

3%

$96

Home Insurance

5%

$152

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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