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46 Spanish Ct, Eclectic, AL 36024

3 beds • 2 baths • 1446 sqft

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This property looks like a bad Airbnb investment with a projected -8.19% first-year return on $70,164 initial cash invested.

-8.19%

Cash On Cash

4.47%

Cap Rate

0.7

DSCR

$1,924

Rent

-$479

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,924 income − $2,403 expenses = $479 out of pocket

Income$1,924Out of Pocket$479Mortgage P&I$1,32869%Property Taxes$643%Insurance$875%Management$28915%CapEx$774%Maintenance$774%Other$48125%

Investment Breakdown

|

Purchase Price

$248k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,164

Downpayment

20%

$49,680

Closing costs

1%

$2,484

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,924

Total Expenses

$2,403

Mortgage P&I

69%

$1,328

Property Taxes

3%

$64

Home Insurance

5%

$87

HOA

0%

$0

Property Management

15%

$289

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$481

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