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$3,358 (target)

56 Melissa Dr, Hayden, AL 35079

3 beds • 3 baths • 2236 sqft

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This property might be a fair Mid-Term investment with a projected 2.05% first-year return on $94,650 initial cash invested.

2.05%

Cash On Cash

6.99%

Cap Rate

1.16

DSCR

$3,358

Rent

$162

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,358 income − $3,196 expenses = $162 cash flow

Income$3,358Mortgage P&I$1,82954%Property Taxes$983%Insurance$1284%Management$40312%CapEx$1344%Vacancy$1013%Maintenance$1344%Other$36911%Cash Flow$162

Investment Breakdown

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Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,650

Downpayment

20%

$73,000

Closing costs

1%

$3,650

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,358

Total Expenses

$3,196

Mortgage P&I

54%

$1,829

Property Taxes

3%

$98

Home Insurance

4%

$128

HOA

0%

$0

Property Management

12%

$403

CapEx

4%

$134

Vacancy

3%

$101

Maintenance

4%

$134

Other

11%

$369

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