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3610 County Road 299, Florence, AL 35634

3 beds • 4 baths • 2968 sqft

$1,395,000

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This property looks like a bad Airbnb investment with a projected -27.94% first-year return on $311k initial cash invested.

-27.94%

Cash On Cash

0.76%

Cap Rate

0.11

DSCR

$2,800

Rent

-$7,239

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,800 income − $10,039 expenses = $7,239 out of pocket

Income$2,800Out of Pocket$7,239Mortgage P&I$8,011286%Property Taxes$1967%Insurance$48817%Management$42015%CapEx$1124%Maintenance$1124%Other$70025%

Investment Breakdown

|

Purchase Price

$1395k

Downpayment

20.0%

Interest Rate

7.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$311k

Downpayment

20%

$279k

Closing costs

1%

$13,950

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$2,800

Total Expenses

$10,039

Mortgage P&I

286%

$8,011

Property Taxes

7%

$196

Home Insurance

17%

$488

HOA

0%

$0

Property Management

15%

$420

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$700

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