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3145 Iris Dr, Birmingham, AL 35244

3 beds • 3 baths • 2535 sqft

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This property looks like a bad Airbnb investment with a projected -14.79% first-year return on $144k initial cash invested.

-14.79%

Cash On Cash

2.73%

Cap Rate

0.45

DSCR

$3,544

Rent

-$1,770

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,544 income − $5,314 expenses = $1,770 out of pocket

Income$3,544Out of Pocket$1,770Mortgage P&I$2,98784%Property Taxes$3059%Insurance$2126%HOA$1083%Management$53215%CapEx$1424%Maintenance$1424%Other$88625%

Investment Breakdown

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Purchase Price

$598k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,982

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,544

Total Expenses

$5,314

Mortgage P&I

84%

$2,987

Property Taxes

9%

$305

Home Insurance

6%

$212

HOA

3%

$108

Property Management

15%

$532

CapEx

4%

$142

Vacancy

0%

$0

Maintenance

4%

$142

Other

25%

$886

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