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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 -17.94% first-year return on $123k initial cash invested.

-17.94%

Cash On Cash

1.9%

Cap Rate

0.31

DSCR

$1,741

Rent

-$1,836

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,741 income − $3,577 expenses = $1,836 out of pocket

Income$1,741Out of Pocket$1,836Mortgage P&I$2,556147%Property Taxes$101%Insurance$17510%Management$26115%CapEx$704%Maintenance$704%Other$43525%

Investment Breakdown

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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

$1,741

Total Expenses

$3,577

Mortgage P&I

147%

$2,556

Property Taxes

1%

$10

Home Insurance

10%

$175

HOA

0%

$0

Property Management

15%

$261

CapEx

4%

$70

Vacancy

0%

$0

Maintenance

4%

$70

Other

25%

$435

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