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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 -6.24% first-year return on $108k initial cash invested.

-6.24%

Cash On Cash

4.84%

Cap Rate

0.81

DSCR

$3,700

Rent

-$562

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,700 income − $4,262 expenses = $562 out of pocket

Income$3,700Out of Pocket$562Mortgage P&I$2,14658%Property Taxes$1905%Insurance$1504%Management$55515%CapEx$1484%Maintenance$1484%Other$92525%

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

$3,700

Total Expenses

$4,262

Mortgage P&I

58%

$2,146

Property Taxes

5%

$190

Home Insurance

4%

$150

HOA

0%

$0

Property Management

15%

$555

CapEx

4%

$148

Vacancy

0%

$0

Maintenance

4%

$148

Other

25%

$925

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