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$2,073 (target)

944 Reedwood Ln, Birmingham, AL 35235

3 beds • 2 baths • 1769 sqft

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This property might be a fair Mid-Term investment with a projected 3.88% first-year return on $57,837 initial cash invested.

3.88%

Cash On Cash

8.22%

Cap Rate

1.26

DSCR

$2,073

Rent

$187

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,073 income − $1,886 expenses = $187 cash flow

Income$2,073Mortgage P&I$1,03050%Property Taxes$854%Insurance$663%Management$24912%CapEx$834%Vacancy$623%Maintenance$834%Other$22811%Cash Flow$187

Investment Breakdown

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Purchase Price

$190k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,837

Downpayment

20%

$37,940

Closing costs

1%

$1,897

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,073

Total Expenses

$1,886

Mortgage P&I

50%

$1,030

Property Taxes

4%

$85

Home Insurance

3%

$66

HOA

0%

$0

Property Management

12%

$249

CapEx

4%

$83

Vacancy

3%

$62

Maintenance

4%

$83

Other

11%

$228

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