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2370 Freestone Ridge Cv, Hoover, AL 35226

3 beds • 3 baths • 2287 sqft

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This property looks like a bad Airbnb investment with a projected -13.82% first-year return on $129k initial cash invested.

-13.82%

Cash On Cash

2.72%

Cap Rate

0.47

DSCR

$3,147

Rent

-$1,487

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$529k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$106k

Closing costs

1%

$5,290

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,147

Total Expenses

$4,634

Mortgage P&I

81%

$2,560

Property Taxes

9%

$280

Home Insurance

6%

$185

HOA

3%

$98

Property Management

15%

$472

CapEx

4%

$126

Vacancy

0%

$0

Maintenance

4%

$126

Other

25%

$787

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