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$1,814 (target)

505 S 16th Ave, Lanett, AL 36863

3 beds • 2 baths • 1962 sqft

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This property could be a profitable Mid-Term investment with a projected 15.11% first-year return on $40,890 initial cash invested.

15.11%

Cash On Cash

13.18%

Cap Rate

1.97

DSCR

$1,814

Rent

$515

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,814 income − $1,299 expenses = $515 cash flow

Income$1,814Mortgage P&I$60934%Property Taxes$342%Insurance$382%Management$21812%CapEx$734%Vacancy$543%Maintenance$734%Other$20011%Cash Flow$515

Investment Breakdown

|

Purchase Price

$109k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,890

Downpayment

20%

$21,800

Closing costs

1%

$1,090

Rehab

0%

$0

Furnishing

17%

$18,000

Cashflow

Total Income

$1,814

Total Expenses

$1,299

Mortgage P&I

34%

$609

Property Taxes

2%

$34

Home Insurance

2%

$38

HOA

0%

$0

Property Management

12%

$218

CapEx

4%

$73

Vacancy

3%

$54

Maintenance

4%

$73

Other

11%

$200

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