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1154 Kings Way Dr, Nokomis, FL 34275

3 beds • 3 baths • 2947 sqft

$1,325,000

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This property looks like a bad Airbnb investment with a projected -26.1% first-year return on $296k initial cash invested.

-26.1%

Cash On Cash

0.25%

Cap Rate

0.04

DSCR

$3,105

Rent

-$6,444

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,105 income − $9,549 expenses = $6,444 out of pocket

Income$3,105Out of Pocket$6,444Mortgage P&I$6,598212%Property Taxes$88328%Insurance$46415%HOA$1144%Management$46615%CapEx$1244%Maintenance$1244%Other$77625%

Investment Breakdown

|

Purchase Price

$1325k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$296k

Downpayment

20%

$265k

Closing costs

1%

$13,250

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$3,105

Total Expenses

$9,549

Mortgage P&I

213%

$6,598

Property Taxes

28%

$883

Home Insurance

15%

$464

HOA

4%

$114

Property Management

15%

$466

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$776

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