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$1,980 (target)

947 County Road 281, Florence, AL 35633

3 beds • 2 baths • 1550 sqft

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This property looks like a bad Mid-Term investment with a projected -1.07% first-year return on $67,035 initial cash invested.

-1.07%

Cash On Cash

6.32%

Cap Rate

1.02

DSCR

$1,980

Rent

-$60

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,980 income − $2,040 expenses = $60 out of pocket

Income$1,980Out of Pocket$60Mortgage P&I$1,21161%Property Taxes$513%Insurance$1055%Management$23812%CapEx$794%Vacancy$593%Maintenance$794%Other$21811%

Investment Breakdown

|

Purchase Price

$234k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,035

Downpayment

20%

$46,700

Closing costs

1%

$2,335

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,980

Total Expenses

$2,040

Mortgage P&I

61%

$1,211

Property Taxes

3%

$51

Home Insurance

5%

$105

HOA

0%

$0

Property Management

12%

$238

CapEx

4%

$79

Vacancy

3%

$59

Maintenance

4%

$79

Other

11%

$218

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