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$3,768 (target)

91 Heather Ridge Dr, Pelham, AL 35124

3 beds • 4 baths • 2534 sqft

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This property might be a fair Mid-Term investment with a projected 3.61% first-year return on $97,485 initial cash invested.

3.61%

Cash On Cash

7.39%

Cap Rate

1.24

DSCR

$3,768

Rent

$293

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,768 income − $3,475 expenses = $293 cash flow

Income$3,768Mortgage P&I$1,88750%Property Taxes$1785%Insurance$1293%Management$45212%CapEx$1514%Vacancy$1133%Maintenance$1514%Other$41411%Cash Flow$293

Investment Breakdown

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Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,485

Downpayment

20%

$75,700

Closing costs

1%

$3,785

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,768

Total Expenses

$3,475

Mortgage P&I

50%

$1,887

Property Taxes

5%

$178

Home Insurance

3%

$129

HOA

0%

$0

Property Management

12%

$452

CapEx

4%

$151

Vacancy

3%

$113

Maintenance

4%

$151

Other

11%

$414

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