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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 -13.24% first-year return on $129k initial cash invested.

-13.24%

Cash On Cash

2.87%

Cap Rate

0.49

DSCR

$3,268

Rent

-$1,424

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,268 income − $4,692 expenses = $1,424 out of pocket

Income$3,268Out of Pocket$1,424Mortgage P&I$2,56078%Property Taxes$2809%Insurance$1856%HOA$983%Management$49015%CapEx$1314%Maintenance$1314%Other$81725%

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

$3,268

Total Expenses

$4,692

Mortgage P&I

78%

$2,560

Property Taxes

9%

$280

Home Insurance

6%

$185

HOA

3%

$98

Property Management

15%

$490

CapEx

4%

$131

Vacancy

0%

$0

Maintenance

4%

$131

Other

25%

$817

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