178 Cotton Bayou Dr, Meridianville, AL

$284,900

Rent Rate: $2,195 | $603 Monthly Cashflow
5 Beds 3 Baths 2,153 Sq Ft Garage/Carport: 2-Car
Built in 2023 Lot Size: ~.25 Acres Basement: N/A Plumbing: Sewer
Projected Completion Date: Complete!
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Property Calculations

  • Purchase Price: $284,900
  • Rent Range: $2145-$2245
  • Rent Used In Calculations: $2,195
  • Annual Taxes: $2,380
  • Annual Insurance: $850
  • HOA Fees: 0
  • Property Management Fees: 5%
  • Annual Net Income (cash): $21,793
  • Annual Net Income (finance 25% 30yr): $7,234

Leveraged Cash-on-Cash

  • 1 Year: $7,234.32
  • 5 Year: $10,043.65
  • 15 Year: $18,504.79

Cap Rate

  • 1 Year: 7.65%
  • 5 Year: 8.61%
  • 15 Year: 11.57%

Capital Appreciation

  • 10 Year: $85,470
  • 20 Year: $170,940
  • 30 Year: $256,410
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