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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 -17.21% first-year return on $123k initial cash invested.

-17.21%

Cash On Cash

2.29%

Cap Rate

0.36

DSCR

$2,232

Rent

-$1,764

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,232 income − $3,996 expenses = $1,764 out of pocket

Income$2,232Out of Pocket$1,764Mortgage P&I$2,627118%Property Taxes$1236%Insurance$1758%Management$33515%CapEx$894%Maintenance$894%Other$55825%

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

$2,232

Total Expenses

$3,996

Mortgage P&I

118%

$2,627

Property Taxes

6%

$123

Home Insurance

8%

$175

HOA

0%

$0

Property Management

15%

$335

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$558

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