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$2,704 (target)

694 Mount Vernon Dr, Boaz, AL 35957

3 beds • 3 baths • 2414 sqft

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This property looks like a bad Mid-Term investment with a projected -7.26% first-year return on $109k initial cash invested.

-7.26%

Cash On Cash

4.59%

Cap Rate

0.75

DSCR

$2,704

Rent

-$660

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,704 income − $3,364 expenses = $660 out of pocket

Income$2,704Out of Pocket$660Mortgage P&I$2,21382%Property Taxes$723%Insurance$1616%Management$32412%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29711%

Investment Breakdown

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Purchase Price

$434k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,800

Closing costs

1%

$4,340

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,704

Total Expenses

$3,364

Mortgage P&I

82%

$2,213

Property Taxes

3%

$72

Home Insurance

6%

$161

HOA

0%

$0

Property Management

12%

$324

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$297

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