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359 Ridgeview Dr, Millbrook, AL 36054

3 beds • 2 baths • 1549 sqft

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This property might be a fair Airbnb investment with a projected 2.3% first-year return on $65,250 initial cash invested.

2.3%

Cash On Cash

7.42%

Cap Rate

1.2

DSCR

$2,728

Rent

$125

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,728

Total Expenses

$2,603

Mortgage P&I

42%

$1,158

Property Taxes

2%

$57

Home Insurance

3%

$79

HOA

0%

$0

Property Management

15%

$409

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$682

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Comparable Property

Rent

ADR

Beds

Baths

Distance

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3

2

0.77 mi

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2

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5

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2

1

0.9 mi

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5

4

0.6 mi

1255 S Forest Knoll St

$1,100

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2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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