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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 -17.95% first-year return on $74,406 initial cash invested.

-17.95%

Cash On Cash

1.47%

Cap Rate

0.23

DSCR

$956

Rent

-$1,113

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$956 income − $2,069 expenses = $1,113 out of pocket

Income$956Out of Pocket$1,113Mortgage P&I$1,405147%Property Taxes$879%Insurance$9410%HOA$253%Management$14315%CapEx$384%Maintenance$384%Other$23925%

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

$956

Total Expenses

$2,069

Mortgage P&I

147%

$1,405

Property Taxes

9%

$87

Home Insurance

10%

$94

HOA

3%

$25

Property Management

15%

$143

CapEx

4%

$38

Vacancy

0%

$0

Maintenance

4%

$38

Other

25%

$239

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