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$2,162 (target)

43 Magnolia St, Midland City, AL 36350

3 beds • 2 baths • 1450 sqft

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This property might be a fair Mid-Term investment with a projected 1.62% first-year return on $64,452 initial cash invested.

1.62%

Cash On Cash

7.46%

Cap Rate

1.14

DSCR

$2,162

Rent

$87

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,162 income − $2,075 expenses = $87 cash flow

Income$2,162Mortgage P&I$1,20356%Property Taxes$593%Insurance$794%Management$25912%CapEx$864%Vacancy$653%Maintenance$864%Other$23811%Cash Flow$87

Investment Breakdown

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Purchase Price

$221k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,452

Downpayment

20%

$44,240

Closing costs

1%

$2,212

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,162

Total Expenses

$2,075

Mortgage P&I

56%

$1,203

Property Taxes

3%

$59

Home Insurance

4%

$79

HOA

0%

$0

Property Management

12%

$259

CapEx

4%

$86

Vacancy

3%

$65

Maintenance

4%

$86

Other

11%

$238

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