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415 Highland Dr, Arab, AL 35016

3 beds • 2 baths • 1521 sqft

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This property might be a fair Mid-Term investment with a projected 2.3% first-year return on $74,238 initial cash invested.

2.3%

Cash On Cash

7.02%

Cap Rate

1.18

DSCR

$2,458

Rent

$142

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,238

Downpayment

20%

$53,560

Closing costs

1%

$2,678

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,458

Total Expenses

$2,316

Mortgage P&I

54%

$1,327

Property Taxes

2%

$58

Home Insurance

4%

$96

HOA

0%

$0

Property Management

12%

$295

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$270

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