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$2,988 (target)

545 Overhill Dr, Pelham, AL 35124

3 beds • 2 baths • 1896 sqft

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This property might be a fair Mid-Term investment with a projected 4.88% first-year return on $77,178 initial cash invested.

4.88%

Cash On Cash

7.8%

Cap Rate

1.31

DSCR

$2,988

Rent

$314

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,988 income − $2,674 expenses = $314 cash flow

Income$2,988Mortgage P&I$1,39847%Property Taxes$1565%Insurance$1023%Management$35912%CapEx$1204%Vacancy$903%Maintenance$1204%Other$32911%Cash Flow$314

Investment Breakdown

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Purchase Price

$282k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,178

Downpayment

20%

$56,360

Closing costs

1%

$2,818

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,988

Total Expenses

$2,674

Mortgage P&I

47%

$1,398

Property Taxes

5%

$156

Home Insurance

3%

$102

HOA

0%

$0

Property Management

12%

$359

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$329

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