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$2,370 (target)

913 Nunnelley Ave SW, Cullman, AL 35055

3 beds • 2 baths • 1485 sqft

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This property might be a fair Mid-Term investment with a projected 6.58% first-year return on $59,790 initial cash invested.

6.58%

Cash On Cash

9.28%

Cap Rate

1.38

DSCR

$2,370

Rent

$328

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,370 income − $2,042 expenses = $328 cash flow

Income$2,370Mortgage P&I$1,11647%Property Taxes$502%Insurance$703%Management$28412%CapEx$954%Vacancy$713%Maintenance$954%Other$26111%Cash Flow$328

Investment Breakdown

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Purchase Price

$199k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,790

Downpayment

20%

$39,800

Closing costs

1%

$1,990

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,370

Total Expenses

$2,042

Mortgage P&I

47%

$1,116

Property Taxes

2%

$50

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$284

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$261

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