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249 S New Castle Dr, Florence, AL 35633

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Airbnb investment with a projected -4.07% first-year return on $72,495 initial cash invested.

-4.07%

Cash On Cash

5.19%

Cap Rate

0.88

DSCR

$2,236

Rent

-$246

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,236 income − $2,482 expenses = $246 out of pocket

Income$2,236Out of Pocket$246Mortgage P&I$1,28057%Property Taxes$392%Insurance$914%Management$33515%CapEx$894%Maintenance$894%Other$55925%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,495

Downpayment

20%

$51,900

Closing costs

1%

$2,595

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,236

Total Expenses

$2,482

Mortgage P&I

57%

$1,280

Property Taxes

2%

$39

Home Insurance

4%

$91

HOA

0%

$0

Property Management

15%

$335

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$559

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