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1032 Castine Pointe Blvd, Long Beach, MS 39560

3 beds • 2 baths • 1710 sqft

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This property looks like a bad Airbnb investment with a projected -7.26% first-year return on $74,679 initial cash invested.

-7.26%

Cash On Cash

4.63%

Cap Rate

0.74

DSCR

$2,303

Rent

-$452

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,303 income − $2,755 expenses = $452 out of pocket

Income$2,303Out of Pocket$452Mortgage P&I$1,40261%Property Taxes$1316%Insurance$964%HOA$211%Management$34515%CapEx$924%Maintenance$924%Other$57625%

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,303

Total Expenses

$2,755

Mortgage P&I

61%

$1,402

Property Taxes

6%

$131

Home Insurance

4%

$96

HOA

1%

$21

Property Management

15%

$345

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$576

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