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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 -8.8% first-year return on $78,795 initial cash invested.

-8.8%

Cash On Cash

4.1%

Cap Rate

0.67

DSCR

$2,024

Rent

-$578

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,024 income − $2,602 expenses = $578 out of pocket

Income$2,024Out of Pocket$578Mortgage P&I$1,48573%Property Taxes$442%Insurance$1015%Management$30415%CapEx$814%Maintenance$814%Other$50625%

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

$2,024

Total Expenses

$2,602

Mortgage P&I

73%

$1,485

Property Taxes

2%

$44

Home Insurance

5%

$101

HOA

0%

$0

Property Management

15%

$304

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$506

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