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260 County Road 231, Florence, AL 35633

3 beds • 2 baths • 2298 sqft

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This property looks like a bad Airbnb investment with a projected -8.28% first-year return on $78,795 initial cash invested.

-8.28%

Cash On Cash

4.25%

Cap Rate

0.69

DSCR

$2,089

Rent

-$544

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,089 income − $2,633 expenses = $544 out of pocket

Income$2,089Out of Pocket$544Mortgage P&I$1,48571%Property Taxes$442%Insurance$1015%Management$31315%CapEx$844%Maintenance$844%Other$52225%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,795

Downpayment

20%

$57,900

Closing costs

1%

$2,895

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,089

Total Expenses

$2,633

Mortgage P&I

71%

$1,485

Property Taxes

2%

$44

Home Insurance

5%

$101

HOA

0%

$0

Property Management

15%

$313

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$522

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