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113 McCoy Dr, Lake Placid, FL 33852

3 beds • 2 baths • 1506 sqft

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This property looks like a bad Airbnb investment with a projected -16.01% first-year return on $102k initial cash invested.

-16.01%

Cash On Cash

1.97%

Cap Rate

0.34

DSCR

$1,930

Rent

-$1,358

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,930 income − $3,288 expenses = $1,358 out of pocket

Income$1,930Out of Pocket$1,358Mortgage P&I$1,935100%Property Taxes$28715%Insurance$1407%Management$29015%CapEx$774%Maintenance$774%Other$48225%

Investment Breakdown

|

Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,930

Total Expenses

$3,288

Mortgage P&I

100%

$1,935

Property Taxes

15%

$287

Home Insurance

7%

$140

HOA

0%

$0

Property Management

15%

$290

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$482

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