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1018 Sherman St SE, Decatur, AL 35601

3 beds • 3 baths • 2678 sqft

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This property looks like a bad Airbnb investment with a projected -18.32% first-year return on $123k initial cash invested.

-18.32%

Cash On Cash

1.99%

Cap Rate

0.32

DSCR

$2,016

Rent

-$1,877

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,016 income − $3,893 expenses = $1,877 out of pocket

Income$2,016Out of Pocket$1,877Mortgage P&I$2,627130%Property Taxes$1236%Insurance$1759%Management$30215%CapEx$814%Maintenance$814%Other$50425%

Investment Breakdown

|

Purchase Price

$500k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,980

Closing costs

1%

$4,999

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,016

Total Expenses

$3,893

Mortgage P&I

130%

$2,627

Property Taxes

6%

$123

Home Insurance

9%

$175

HOA

0%

$0

Property Management

15%

$302

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$504

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