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1622 26th Ave S, Birmingham, AL 35209

3 beds • 2 baths • 1399 sqft

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This property looks like a bad Airbnb investment with a projected -3.01% first-year return on $70,479 initial cash invested.

-3.01%

Cash On Cash

6.35%

Cap Rate

0.95

DSCR

$2,770

Rent

-$177

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,770 income − $2,947 expenses = $177 out of pocket

Income$2,770Out of Pocket$177Mortgage P&I$1,38950%Property Taxes$1405%Insurance$883%Management$41615%CapEx$1114%Maintenance$1114%Other$69225%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,770

Total Expenses

$2,947

Mortgage P&I

50%

$1,389

Property Taxes

5%

$140

Home Insurance

3%

$88

HOA

0%

$0

Property Management

15%

$416

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$692

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