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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 -8.28% first-year return on $70,164 initial cash invested.

-8.28%

Cash On Cash

4.45%

Cap Rate

0.69

DSCR

$1,914

Rent

-$484

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,914 income − $2,398 expenses = $484 out of pocket

Income$1,914Out of Pocket$484Mortgage P&I$1,32869%Property Taxes$643%Insurance$875%Management$28715%CapEx$774%Maintenance$774%Other$47825%

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

$1,914

Total Expenses

$2,398

Mortgage P&I

69%

$1,328

Property Taxes

3%

$64

Home Insurance

5%

$87

HOA

0%

$0

Property Management

15%

$287

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$478

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