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1078 Morrow Ave, Elba, AL 36323

3 beds • 2 baths • 1012 sqft

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This property could be a profitable Airbnb investment with a projected 17.11% first-year return on $48,450 initial cash invested.

17.11%

Cash On Cash

13.14%

Cap Rate

2.04

DSCR

$3,000

Rent

$691

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,000 income − $2,309 expenses = $691 cash flow

Income$3,000Mortgage P&I$77726%Property Taxes$411%Insurance$512%Management$45015%CapEx$1204%Maintenance$1204%Other$75025%Cash Flow$691

Investment Breakdown

|

Purchase Price

$145k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,450

Downpayment

20%

$29,000

Closing costs

1%

$1,450

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$3,000

Total Expenses

$2,309

Mortgage P&I

26%

$777

Property Taxes

1%

$41

Home Insurance

2%

$51

HOA

0%

$0

Property Management

15%

$450

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$750

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