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159 Story Ray Dr, New Market, AL 35761

3 beds • 3 baths • 1813 sqft

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This property looks like a bad Airbnb investment with a projected -18.1% first-year return on $74,406 initial cash invested.

-18.1%

Cash On Cash

1.43%

Cap Rate

0.23

DSCR

$941

Rent

-$1,122

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$941 income − $2,063 expenses = $1,122 out of pocket

Income$941Out of Pocket$1,122Mortgage P&I$1,405149%Property Taxes$879%Insurance$9410%HOA$253%Management$14115%CapEx$384%Maintenance$384%Other$23525%

Investment Breakdown

|

Purchase Price

$269k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,406

Downpayment

20%

$53,720

Closing costs

1%

$2,686

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$941

Total Expenses

$2,063

Mortgage P&I

149%

$1,405

Property Taxes

9%

$87

Home Insurance

10%

$94

HOA

3%

$25

Property Management

15%

$141

CapEx

4%

$38

Vacancy

0%

$0

Maintenance

4%

$38

Other

25%

$235

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