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$2,870 (target)

3500 Griffitt Bend Rd, Talladega, AL 35160

3 beds • 4 baths • 3450 sqft

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This property looks like a bad Mid-Term investment with a projected -17.79% first-year return on $197k initial cash invested.

-17.79%

Cash On Cash

2.04%

Cap Rate

0.34

DSCR

$2,870

Rent

-$2,913

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,870 income − $5,783 expenses = $2,913 out of pocket

Income$2,870Out of Pocket$2,913Mortgage P&I$4,244148%Property Taxes$2629%Insurance$29810%HOA$3Management$34412%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31611%

Investment Breakdown

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Purchase Price

$850k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$197k

Downpayment

20%

$170k

Closing costs

1%

$8,500

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,870

Total Expenses

$5,783

Mortgage P&I

148%

$4,244

Property Taxes

9%

$262

Home Insurance

10%

$298

HOA

0%

$3

Property Management

12%

$344

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$316

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