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$3,864 (target)

429 S Fork Cir, Hoover, AL 35244

3 beds • 2 baths • 2566 sqft

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This property might be a fair Mid-Term investment with a projected 6.59% first-year return on $90,702 initial cash invested.

6.59%

Cash On Cash

8.27%

Cap Rate

1.38

DSCR

$3,864

Rent

$498

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,864 income − $3,366 expenses = $498 cash flow

Income$3,864Mortgage P&I$1,73345%Property Taxes$1965%Insurance$1223%Management$46412%CapEx$1554%Vacancy$1163%Maintenance$1554%Other$42511%Cash Flow$498

Investment Breakdown

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Purchase Price

$346k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,702

Downpayment

20%

$69,240

Closing costs

1%

$3,462

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,864

Total Expenses

$3,366

Mortgage P&I

45%

$1,733

Property Taxes

5%

$196

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$464

CapEx

4%

$155

Vacancy

3%

$116

Maintenance

4%

$155

Other

11%

$425

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