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242 County Road 307, Cullman, AL 35057

3 beds • 2 baths • 1163 sqft

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This property looks like a bad Airbnb investment with a projected -11.32% first-year return on $115k initial cash invested.

-11.32%

Cash On Cash

3.48%

Cap Rate

0.58

DSCR

$2,833

Rent

-$1,081

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,833 income − $3,914 expenses = $1,081 out of pocket

Income$2,833Out of Pocket$1,081Mortgage P&I$2,30381%Property Taxes$913%Insurance$1616%Management$42515%CapEx$1134%Maintenance$1134%Other$70825%

Investment Breakdown

|

Purchase Price

$460k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,000

Closing costs

1%

$4,600

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,833

Total Expenses

$3,914

Mortgage P&I

81%

$2,303

Property Taxes

3%

$91

Home Insurance

6%

$161

HOA

0%

$0

Property Management

15%

$425

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$708

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