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503 Broadway St NW, Hartselle, AL 35640

3 beds • 2 baths • 1748 sqft

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This property looks like a bad Airbnb investment with a projected -2.24% first-year return on $62,247 initial cash invested.

-2.24%

Cash On Cash

6.25%

Cap Rate

0.98

DSCR

$2,299

Rent

-$116

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$211k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,247

Downpayment

20%

$42,140

Closing costs

1%

$2,107

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,299

Total Expenses

$2,415

Mortgage P&I

49%

$1,121

Property Taxes

4%

$102

Home Insurance

4%

$88

HOA

0%

$0

Property Management

15%

$345

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$575

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Comparable Property

Rent

ADR

Beds

Baths

Distance

The FARMish House - Near Downtown Hartselle & I65

$2,831

$141

3

2

1.37 mi

*Downtown Cottage* —Central Location—

$3,794

$189

3

2.5

1.3 mi

Cottage by the Bowling Alley

$2,248

$112

3

1

0.58 mi

New Home, Walk to Downtown Hartselle

$1,927

$96

2

2

0.63 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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