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512 Elm Ave, Gadsden, AL 35903

2 beds • 1 baths • 1094 sqft

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This property could be a profitable Airbnb investment with a projected 16.32% first-year return on $36,990 initial cash invested.

16.32%

Cash On Cash

12.17%

Cap Rate

1.97

DSCR

$2,288

Rent

$503

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$119k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$36,990

Downpayment

20%

$23,800

Closing costs

1%

$1,190

Rehab

0%

$0

Furnishing

10%

$12,000

Cashflow

Total Income

$2,288

Total Expenses

$1,785

Mortgage P&I

27%

$612

Property Taxes

1%

$32

Home Insurance

2%

$42

HOA

0%

$0

Property Management

15%

$343

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$572

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Comparable Property

Rent

ADR

Beds

Baths

Distance

★ Cheerful Home Close to everything in Gadsden. ★

$2,088

$132

2

1

1.32 mi

*Hidden Gem Close 2 Everything *

$2,847

$180

3

1

0.74 mi

Morning View Cottage at River Rocks Landing

$1,993

$126

1

1

0.99 mi

The Container Home at River Rocks Landing

$2,088

$132

1

1

1.11 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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