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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 Mid-Term investment with a projected -6.57% first-year return on $72,495 initial cash invested.

-6.57%

Cash On Cash

4.37%

Cap Rate

0.74

DSCR

$1,534

Rent

-$397

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

$1,534

Total Expenses

$1,931

Mortgage P&I

83%

$1,280

Property Taxes

3%

$39

Home Insurance

6%

$91

HOA

0%

$0

Property Management

12%

$184

CapEx

4%

$61

Vacancy

3%

$46

Maintenance

4%

$61

Other

11%

$169

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