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411 9th Ave SE, Cullman, AL 35055

2 beds • 2 baths • 1251 sqft

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This property looks like a bad Airbnb investment with a projected -13.06% first-year return on $83,400 initial cash invested.

-13.06%

Cash On Cash

3.11%

Cap Rate

0.51

DSCR

$1,941

Rent

-$908

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,400

Downpayment

20%

$68,000

Closing costs

1%

$3,400

Rehab

0%

$0

Furnishing

4%

$12,000

Cashflow

Total Income

$1,941

Total Expenses

$2,849

Mortgage P&I

88%

$1,710

Property Taxes

5%

$88

Home Insurance

6%

$119

HOA

0%

$0

Property Management

15%

$291

CapEx

4%

$78

Vacancy

0%

$0

Maintenance

4%

$78

Other

25%

$485

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Downtown Cullman | Walk to Dining | Xbox Series X

$2,509

$165

2

2.5

0.74 mi

5 minutes to OmniPlex | Walk to Restaurants & Shop

$1,977

$130

2

2

0.74 mi

Curbside Duplex

$1,916

$126

2

1

0.38 mi

Δ Delta Duplex

$1,734

$114

2

1

0.38 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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