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$3,162 (target)

46 Spanish Ct, Eclectic, AL 36024

3 beds • 2 baths • 1446 sqft

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This property could be a profitable Mid-Term investment with a projected 10.42% first-year return on $70,164 initial cash invested.

10.42%

Cash On Cash

9.97%

Cap Rate

1.55

DSCR

$3,162

Rent

$609

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,162 income − $2,553 expenses = $609 cash flow

Income$3,162Mortgage P&I$1,32842%Property Taxes$642%Insurance$873%Management$37912%CapEx$1264%Vacancy$953%Maintenance$1264%Other$34811%Cash Flow$609

Investment Breakdown

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Purchase Price

$248k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,164

Downpayment

20%

$49,680

Closing costs

1%

$2,484

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,162

Total Expenses

$2,553

Mortgage P&I

42%

$1,328

Property Taxes

2%

$64

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$379

CapEx

4%

$126

Vacancy

3%

$95

Maintenance

4%

$126

Other

11%

$348

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