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12302 Cedar Lake Rd, Biloxi, MS 39532

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Airbnb investment with a projected -17.5% first-year return on $123k initial cash invested.

-17.5%

Cash On Cash

2.02%

Cap Rate

0.33

DSCR

$1,827

Rent

-$1,791

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,827 income − $3,618 expenses = $1,791 out of pocket

Income$1,827Out of Pocket$1,791Mortgage P&I$2,556140%Property Taxes$101%Insurance$17510%Management$27415%CapEx$734%Maintenance$734%Other$45725%

Investment Breakdown

|

Purchase Price

$499k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,800

Closing costs

1%

$4,990

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,827

Total Expenses

$3,618

Mortgage P&I

140%

$2,556

Property Taxes

1%

$10

Home Insurance

10%

$175

HOA

0%

$0

Property Management

15%

$274

CapEx

4%

$73

Vacancy

0%

$0

Maintenance

4%

$73

Other

25%

$457

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