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$3,022 (target)

710 Lovejoy Rd, Ashville, AL 35953

3 beds • 2 baths • 1733 sqft

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This property looks like a bad Mid-Term investment with a projected -4.51% first-year return on $105k initial cash invested.

-4.51%

Cash On Cash

5.51%

Cap Rate

0.87

DSCR

$3,022

Rent

-$395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,022 income − $3,417 expenses = $395 out of pocket

Income$3,022Out of Pocket$395Mortgage P&I$2,18172%Property Taxes$632%Insurance$1455%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33211%

Investment Breakdown

|

Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$83,000

Closing costs

1%

$4,150

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,022

Total Expenses

$3,417

Mortgage P&I

72%

$2,181

Property Taxes

2%

$63

Home Insurance

5%

$145

HOA

0%

$0

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$332

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