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$2,462 (target)

8460 Lake Eleanor Dr, Theodore, AL 36582

3 beds • 2 baths • 1494 sqft

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This property might be a fair Mid-Term investment with a projected 6.41% first-year return on $62,688 initial cash invested.

6.41%

Cash On Cash

8.99%

Cap Rate

1.37

DSCR

$2,462

Rent

$335

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,462 income − $2,127 expenses = $335 cash flow

Income$2,462Mortgage P&I$1,16147%Property Taxes$552%Insurance$753%Management$29512%CapEx$984%Vacancy$743%Maintenance$984%Other$27111%Cash Flow$335

Investment Breakdown

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Purchase Price

$213k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,688

Downpayment

20%

$42,560

Closing costs

1%

$2,128

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,462

Total Expenses

$2,127

Mortgage P&I

47%

$1,161

Property Taxes

2%

$55

Home Insurance

3%

$75

HOA

0%

$0

Property Management

12%

$295

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$271

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