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23020 Potter Rd, Andalusia, AL 36421

3 beds • 3 baths • 1796 sqft

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This property looks like a bad Airbnb investment with a projected -15.1% first-year return on $98,850 initial cash invested.

-15.1%

Cash On Cash

2.6%

Cap Rate

0.42

DSCR

$1,820

Rent

-$1,244

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,820 income − $3,064 expenses = $1,244 out of pocket

Income$1,820Out of Pocket$1,244Mortgage P&I$2,005110%Property Taxes$503%Insurance$1357%Management$27315%CapEx$734%Maintenance$734%Other$45525%

Investment Breakdown

|

Purchase Price

$385k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,820

Total Expenses

$3,064

Mortgage P&I

110%

$2,005

Property Taxes

3%

$50

Home Insurance

7%

$135

HOA

0%

$0

Property Management

15%

$273

CapEx

4%

$73

Vacancy

0%

$0

Maintenance

4%

$73

Other

25%

$455

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