REI Lense

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1121 Cogan Dr SE, Palm Bay, FL 32909

3 beds • 3 baths • 1967 sqft

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This property looks like a bad Airbnb investment with a projected -9.64% first-year return on $110k initial cash invested.

-9.64%

Cash On Cash

3.95%

Cap Rate

0.65

DSCR

$2,947

Rent

-$887

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,980

Closing costs

1%

$4,399

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,947

Total Expenses

$3,834

Mortgage P&I

75%

$2,217

Property Taxes

2%

$48

Home Insurance

5%

$154

HOA

0%

$0

Property Management

15%

$442

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$737

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