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531 Broadway St, Homewood, AL 35209

3 beds • 2 baths • 1466 sqft

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This property looks like a bad Airbnb investment with a projected -20.76% first-year return on $166k initial cash invested.

-20.76%

Cash On Cash

1.6%

Cap Rate

0.25

DSCR

$2,742

Rent

-$2,878

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,742 income − $5,620 expenses = $2,878 out of pocket

Income$2,742Out of Pocket$2,878Mortgage P&I$3,713135%Property Taxes$32812%Insurance$26210%Management$41115%CapEx$1104%Maintenance$1104%Other$68625%

Investment Breakdown

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Purchase Price

$707k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$166k

Downpayment

20%

$141k

Closing costs

1%

$7,066

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,742

Total Expenses

$5,620

Mortgage P&I

135%

$3,713

Property Taxes

12%

$328

Home Insurance

10%

$262

HOA

0%

$0

Property Management

15%

$411

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$686

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