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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 -16.29% first-year return on $102k initial cash invested.

-16.29%

Cash On Cash

1.89%

Cap Rate

0.32

DSCR

$1,883

Rent

-$1,382

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,883 income − $3,265 expenses = $1,382 out of pocket

Income$1,883Out of Pocket$1,382Mortgage P&I$1,935103%Property Taxes$28715%Insurance$1407%Management$28215%CapEx$754%Maintenance$754%Other$47125%

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

$1,883

Total Expenses

$3,265

Mortgage P&I

103%

$1,935

Property Taxes

15%

$287

Home Insurance

7%

$140

HOA

0%

$0

Property Management

15%

$282

CapEx

4%

$75

Vacancy

0%

$0

Maintenance

4%

$75

Other

25%

$471

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