REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

903 Spruce St, Gadsden, AL 35901

3 beds • 2 baths • 2331 sqft

Email

This property could be a profitable Airbnb investment with a projected 34.18% first-year return on $42,129 initial cash invested.

34.18%

Cash On Cash

20.22%

Cap Rate

3.28

DSCR

$3,626

Rent

$1,200

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$115k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,129

Downpayment

20%

$22,980

Closing costs

1%

$1,149

Rehab

0%

$0

Furnishing

16%

$18,000

Cashflow

Total Income

$3,626

Total Expenses

$2,426

Mortgage P&I

16%

$591

Property Taxes

2%

$55

Home Insurance

1%

$40

HOA

0%

$0

Property Management

15%

$544

CapEx

4%

$145

Vacancy

0%

$0

Maintenance

4%

$145

Other

25%

$906

Loading map...

Comparable Property

Rent

ADR

Beds

Baths

Distance

*Spacious Family Home in Downtown Gadsden!*

$3,974

$184

3

2

0.84 mi

Coosa River Hideaway

$3,239

$150

3

2.5

1.97 mi

*Hidden Gem Close 2 Everything *

$3,887

$180

3

1

2.29 mi

* Private Retreat for the whole crew! *

$4,989

$231

3

2

2.04 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

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis