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$2,850 (target)

712 Gilmer Cir, Bay Minette, AL 36507

3 beds • 2 baths • 2000 sqft

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This property might be a fair Mid-Term investment with a projected 3.83% first-year return on $76,401 initial cash invested.

3.83%

Cash On Cash

7.83%

Cap Rate

1.25

DSCR

$2,850

Rent

$244

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,850 income − $2,606 expenses = $244 cash flow

Income$2,850Mortgage P&I$1,45751%Property Taxes$793%Insurance$1004%Management$34212%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31411%Cash Flow$244

Investment Breakdown

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Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,401

Downpayment

20%

$55,620

Closing costs

1%

$2,781

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,850

Total Expenses

$2,606

Mortgage P&I

51%

$1,457

Property Taxes

3%

$79

Home Insurance

4%

$100

HOA

0%

$0

Property Management

12%

$342

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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