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2459 Fairway Dr, Birmingham, AL 35213

3 beds • 4 baths • 2990 sqft

$1,680,800

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This property looks like a bad Airbnb investment with a projected -27.94% first-year return on $371k initial cash invested.

-27.94%

Cash On Cash

0.18%

Cap Rate

0.03

DSCR

$3,554

Rent

-$8,638

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,554 income − $12,192 expenses = $8,638 out of pocket

Income$3,554Out of Pocket$8,638Mortgage P&I$8,754246%Property Taxes$1,14032%Insurance$59317%Management$53315%CapEx$1424%Maintenance$1424%Other$88825%

Investment Breakdown

|

Purchase Price

$1681k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$371k

Downpayment

20%

$336k

Closing costs

1%

$16,808

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$3,554

Total Expenses

$12,192

Mortgage P&I

246%

$8,754

Property Taxes

32%

$1,140

Home Insurance

17%

$593

HOA

0%

$0

Property Management

15%

$533

CapEx

4%

$142

Vacancy

0%

$0

Maintenance

4%

$142

Other

25%

$888

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