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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 Long-Term investment with a projected -14.36% first-year return on $54,495 initial cash invested.

-14.36%

Cash On Cash

3.14%

Cap Rate

0.53

DSCR

$1,023

Rent

-$652

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

$54,495

Downpayment

20%

$51,900

Closing costs

1%

$2,595

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,023

Total Expenses

$1,675

Mortgage P&I

125%

$1,280

Property Taxes

4%

$39

Home Insurance

9%

$91

HOA

0%

$0

Property Management

10%

$102

CapEx

5%

$51

Vacancy

6%

$61

Maintenance

5%

$51

Other

0%

$0

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