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113 Lockport Dr, Harvest, AL 35749

3 beds • 2 baths • 1789 sqft

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This property looks like a bad Airbnb investment with a projected -4.09% first-year return on $59,790 initial cash invested.

-4.09%

Cash On Cash

5.41%

Cap Rate

0.88

DSCR

$1,927

Rent

-$204

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$199k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,790

Downpayment

20%

$39,800

Closing costs

1%

$1,990

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$1,927

Total Expenses

$2,131

Mortgage P&I

53%

$1,024

Property Taxes

6%

$106

Home Insurance

4%

$70

HOA

0%

$6

Property Management

15%

$289

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$482

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Comparable Property

Rent

ADR

Beds

Baths

Distance

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$2,146

$144

3

2

2.27 mi

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3

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3.42 mi

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3

1.5

3.54 mi

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$2,101

$141

3

1.5

3.59 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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