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903 Spruce St, Gadsden, AL 35901

3 beds • 2 baths • 2331 sqft

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This property could be a profitable Long-Term investment with a projected 21.19% first-year return on $24,129 initial cash invested.

21.19%

Cash On Cash

11.31%

Cap Rate

1.86

DSCR

$1,490

Rent

$426

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$115k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$24,129

Downpayment

20%

$22,980

Closing costs

1%

$1,149

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,490

Total Expenses

$1,064

Mortgage P&I

39%

$583

Property Taxes

4%

$55

Home Insurance

3%

$40

HOA

0%

$0

Property Management

10%

$149

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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$2,850

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