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$2,842 (target)

6540 Summer Oak Ct, Grand Bay, AL 36541

3 beds • 2 baths • 1630 sqft

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This property might be a fair Mid-Term investment with a projected 4.09% first-year return on $77,388 initial cash invested.

4.09%

Cash On Cash

7.65%

Cap Rate

1.27

DSCR

$2,842

Rent

$264

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,842 income − $2,578 expenses = $264 cash flow

Income$2,842Mortgage P&I$1,42450%Property Taxes$873%Insurance$1004%Management$34112%CapEx$1144%Vacancy$853%Maintenance$1144%Other$31311%Cash Flow$264

Investment Breakdown

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Purchase Price

$283k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,388

Downpayment

20%

$56,560

Closing costs

1%

$2,828

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,842

Total Expenses

$2,578

Mortgage P&I

50%

$1,424

Property Taxes

3%

$87

Home Insurance

4%

$100

HOA

0%

$0

Property Management

12%

$341

CapEx

4%

$114

Vacancy

3%

$85

Maintenance

4%

$114

Other

11%

$313

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