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$2,812 (target)

3506 Choctaw Dr SE, Decatur, AL 35603

3 beds • 2 baths • 1650 sqft

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This property might be a fair Mid-Term investment with a projected 4.82% first-year return on $71,718 initial cash invested.

4.82%

Cash On Cash

8.56%

Cap Rate

1.28

DSCR

$2,812

Rent

$288

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,812 income − $2,524 expenses = $288 cash flow

Income$2,812Mortgage P&I$1,42551%Property Taxes$542%Insurance$913%Management$33712%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30911%Cash Flow$288

Investment Breakdown

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Purchase Price

$256k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,718

Downpayment

20%

$51,160

Closing costs

1%

$2,558

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,812

Total Expenses

$2,524

Mortgage P&I

51%

$1,425

Property Taxes

2%

$54

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$337

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$309

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