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1416 Leota Lake Dr S, Southside, AL 35907

3 beds • 3 baths • 2367 sqft

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This property looks like a bad Airbnb investment with a projected -8.36% first-year return on $108k initial cash invested.

-8.36%

Cash On Cash

4.27%

Cap Rate

0.71

DSCR

$3,332

Rent

-$753

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,332 income − $4,085 expenses = $753 out of pocket

Income$3,332Out of Pocket$753Mortgage P&I$2,14664%Property Taxes$1906%Insurance$1505%Management$50015%CapEx$1334%Maintenance$1334%Other$83325%

Investment Breakdown

|

Purchase Price

$429k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,800

Closing costs

1%

$4,290

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,332

Total Expenses

$4,085

Mortgage P&I

64%

$2,146

Property Taxes

6%

$190

Home Insurance

5%

$150

HOA

0%

$0

Property Management

15%

$500

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$833

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