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$2,451 (target)

816 12th Ave NW, Arab, AL 35016

3 beds • 2 baths • 1692 sqft

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This property might be a fair Mid-Term investment with a projected 5.46% first-year return on $63,780 initial cash invested.

5.46%

Cash On Cash

8.64%

Cap Rate

1.33

DSCR

$2,451

Rent

$290

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,451 income − $2,161 expenses = $290 cash flow

Income$2,451Mortgage P&I$1,18248%Property Taxes$663%Insurance$793%Management$29412%CapEx$984%Vacancy$743%Maintenance$984%Other$27011%Cash Flow$290

Investment Breakdown

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Purchase Price

$218k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,780

Downpayment

20%

$43,600

Closing costs

1%

$2,180

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,451

Total Expenses

$2,161

Mortgage P&I

48%

$1,182

Property Taxes

3%

$66

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$294

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$270

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