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304 Andover Dr, Florence, AL 35633

3 beds • 3 baths • 2000 sqft

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This property looks like a bad Airbnb investment with a projected -10.81% first-year return on $89,484 initial cash invested.

-10.81%

Cash On Cash

3.43%

Cap Rate

0.58

DSCR

$2,319

Rent

-$806

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,319 income − $3,125 expenses = $806 out of pocket

Income$2,319Out of Pocket$806Mortgage P&I$1,68673%Property Taxes$1517%Insurance$1225%HOA$522%Management$34815%CapEx$934%Maintenance$934%Other$58025%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,484

Downpayment

20%

$68,080

Closing costs

1%

$3,404

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,319

Total Expenses

$3,125

Mortgage P&I

73%

$1,686

Property Taxes

7%

$151

Home Insurance

5%

$122

HOA

2%

$52

Property Management

15%

$348

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$580

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