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217 Constitution Dr, Meridianville, AL 35759

3 beds • 2 baths • 2175 sqft

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This property looks like a bad Airbnb investment with a projected -15.36% first-year return on $77,346 initial cash invested.

-15.36%

Cash On Cash

1.97%

Cap Rate

0.33

DSCR

$1,101

Rent

-$990

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,101 income − $2,091 expenses = $990 out of pocket

Income$1,101Out of Pocket$990Mortgage P&I$1,409128%Property Taxes$545%Insurance$1009%Management$16515%CapEx$444%Maintenance$444%Other$27525%

Investment Breakdown

|

Purchase Price

$283k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,346

Downpayment

20%

$56,520

Closing costs

1%

$2,826

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,101

Total Expenses

$2,091

Mortgage P&I

128%

$1,409

Property Taxes

5%

$54

Home Insurance

9%

$100

HOA

0%

$0

Property Management

15%

$165

CapEx

4%

$44

Vacancy

0%

$0

Maintenance

4%

$44

Other

25%

$275

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