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$3,436 (target)

644 Narrows Point Way, Birmingham, AL 35242

3 beds • 2 baths • 1782 sqft

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This property might be a fair Mid-Term investment with a projected 1.21% first-year return on $96,561 initial cash invested.

1.21%

Cash On Cash

6.87%

Cap Rate

1.12

DSCR

$3,436

Rent

$97

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,436 income − $3,339 expenses = $97 cash flow

Income$3,436Mortgage P&I$1,90756%Property Taxes$873%Insurance$1364%HOA$421%Management$41212%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37811%Cash Flow$97

Investment Breakdown

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Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,561

Downpayment

20%

$74,820

Closing costs

1%

$3,741

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,436

Total Expenses

$3,339

Mortgage P&I

56%

$1,907

Property Taxes

3%

$87

Home Insurance

4%

$136

HOA

1%

$42

Property Management

12%

$412

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$378

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