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23017 County Road 12, Foley, AL 36535

3 beds • 2 baths • 1663 sqft

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This property looks like a bad Airbnb investment with a projected -11.51% first-year return on $97,989 initial cash invested.

-11.51%

Cash On Cash

3.51%

Cap Rate

0.57

DSCR

$2,406

Rent

-$940

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,406 income − $3,346 expenses = $940 out of pocket

Income$2,406Out of Pocket$940Mortgage P&I$1,95781%Property Taxes$803%Insurance$1366%HOA$181%Management$36115%CapEx$964%Maintenance$964%Other$60225%

Investment Breakdown

|

Purchase Price

$381k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,989

Downpayment

20%

$76,180

Closing costs

1%

$3,809

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,406

Total Expenses

$3,346

Mortgage P&I

81%

$1,957

Property Taxes

3%

$80

Home Insurance

6%

$136

HOA

1%

$18

Property Management

15%

$361

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$602

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