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249 S New Castle Dr, Florence, AL 35633

3 beds • 2 baths • 1500 sqft

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This property might be a fair Airbnb investment with a projected 3.43% first-year return on $72,495 initial cash invested.

3.43%

Cash On Cash

7.45%

Cap Rate

1.26

DSCR

$3,108

Rent

$207

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,108 income − $2,901 expenses = $207 cash flow

Income$3,108Mortgage P&I$1,28041%Property Taxes$391%Insurance$913%Management$46615%CapEx$1244%Maintenance$1244%Other$77725%Cash Flow$207

Investment Breakdown

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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

$3,108

Total Expenses

$2,901

Mortgage P&I

41%

$1,280

Property Taxes

1%

$39

Home Insurance

3%

$91

HOA

0%

$0

Property Management

15%

$466

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$777

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