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2024 21st Ave S, Birmingham, AL 35209

3 beds • 2 baths • 1762 sqft

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This property looks like a bad Airbnb investment with a projected -20.28% first-year return on $124k initial cash invested.

-20.28%

Cash On Cash

2.14%

Cap Rate

0.31

DSCR

$2,408

Rent

-$2,099

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,408 income − $4,507 expenses = $2,099 out of pocket

Income$2,408Out of Pocket$2,099Mortgage P&I$2,905121%Property Taxes$24610%Insurance$2018%Management$36115%CapEx$964%Maintenance$964%Other$60225%

Investment Breakdown

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Purchase Price

$506k

Downpayment

20.0%

Interest Rate

7.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,058

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,408

Total Expenses

$4,507

Mortgage P&I

121%

$2,905

Property Taxes

10%

$246

Home Insurance

8%

$201

HOA

0%

$0

Property Management

15%

$361

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$602

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