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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 2.96% first-year return on $72,495 initial cash invested.

2.96%

Cash On Cash

7.31%

Cap Rate

1.24

DSCR

$3,055

Rent

$179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

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

$3,055

Total Expenses

$2,876

Mortgage P&I

42%

$1,280

Property Taxes

1%

$39

Home Insurance

3%

$91

HOA

0%

$0

Property Management

15%

$458

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$764

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