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$2,640 (target)

509 Ohio Ave SE, Hanceville, AL 35077

3 beds • 3 baths • 2021 sqft

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This property might be a fair Mid-Term investment with a projected 3.34% first-year return on $75,540 initial cash invested.

3.34%

Cash On Cash

7.43%

Cap Rate

1.23

DSCR

$2,640

Rent

$210

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,640 income − $2,430 expenses = $210 cash flow

Income$2,640Mortgage P&I$1,38052%Property Taxes$612%Insurance$913%Management$31712%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29011%Cash Flow$210

Investment Breakdown

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Purchase Price

$274k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,540

Downpayment

20%

$54,800

Closing costs

1%

$2,740

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,640

Total Expenses

$2,430

Mortgage P&I

52%

$1,380

Property Taxes

2%

$61

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$317

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$290

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