188 Cotton Bayou Dr, Meridianville, AL

$255,000

Rent Rate: $1,750 | $344 Monthly Cashflow
3 Beds 2 Baths 1,779 Sq Ft Garage/Carport: 2-Car
Built in 2023 Lot Size: ~.20 Acres Basement: N/A Plumbing: Sewer
Projected Completion Date: 9/26/2025
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Property Calculations

  • Purchase Price: $255,000
  • Rent Range: $1700-$1800
  • Rent Used In Calculations: $1,750
  • Annual Taxes: $2,015
  • Annual Insurance: $782
  • HOA Fees: 0
  • Property Management Fees: 5%
  • Annual Net Income (cash): $17,153
  • Annual Net Income (finance 25% 30yr): $4,122

Leveraged Cash-on-Cash

  • 1 Year: $4,122.24
  • 5 Year: $6,334.18
  • 15 Year: $12,994.10

Cap Rate

  • 1 Year: 6.73%
  • 5 Year: 7.57%
  • 15 Year: 10.17%

Capital Appreciation

  • 10 Year: $76,500
  • 20 Year: $153,000
  • 30 Year: $229,500
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