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1333 Laurence St, Irondale, AL 35210

3 beds • 2 baths • 1156 sqft

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This property looks like a bad Airbnb investment with a projected -11.62% first-year return on $63,612 initial cash invested.

-11.62%

Cash On Cash

3.65%

Cap Rate

0.54

DSCR

$1,530

Rent

-$616

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,530 income − $2,146 expenses = $616 out of pocket

Income$1,530Out of Pocket$616Mortgage P&I$1,21579%Property Taxes$1178%Insurance$805%Management$23015%CapEx$614%Maintenance$614%Other$38225%

Investment Breakdown

|

Purchase Price

$217k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,612

Downpayment

20%

$43,440

Closing costs

1%

$2,172

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,530

Total Expenses

$2,146

Mortgage P&I

79%

$1,215

Property Taxes

8%

$117

Home Insurance

5%

$80

HOA

0%

$0

Property Management

15%

$230

CapEx

4%

$61

Vacancy

0%

$0

Maintenance

4%

$61

Other

25%

$382

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