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712 Gilmer Cir, Bay Minette, AL 36507

3 beds • 2 baths • 2000 sqft

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This property looks like a bad Airbnb investment with a projected -5.97% first-year return on $76,401 initial cash invested.

-5.97%

Cash On Cash

5.07%

Cap Rate

0.81

DSCR

$2,416

Rent

-$380

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,416 income − $2,796 expenses = $380 out of pocket

Income$2,416Out of Pocket$380Mortgage P&I$1,45760%Property Taxes$793%Insurance$1004%Management$36215%CapEx$974%Maintenance$974%Other$60425%

Investment Breakdown

|

Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,401

Downpayment

20%

$55,620

Closing costs

1%

$2,781

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,416

Total Expenses

$2,796

Mortgage P&I

60%

$1,457

Property Taxes

3%

$79

Home Insurance

4%

$100

HOA

0%

$0

Property Management

15%

$362

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$604

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