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1282 Danforth St SW, Palm Bay, FL 32908

3 beds • 2 baths • 2020 sqft

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This property looks like a bad Airbnb investment with a projected -11.82% first-year return on $81,504 initial cash invested.

-11.82%

Cash On Cash

3%

Cap Rate

0.51

DSCR

$1,706

Rent

-$803

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,706 income − $2,509 expenses = $803 out of pocket

Income$1,706Out of Pocket$803Mortgage P&I$1,49187%Property Taxes$785%Insurance$1227%Management$25615%CapEx$684%Maintenance$684%Other$42625%

Investment Breakdown

|

Purchase Price

$302k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,504

Downpayment

20%

$60,480

Closing costs

1%

$3,024

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,706

Total Expenses

$2,509

Mortgage P&I

87%

$1,491

Property Taxes

5%

$78

Home Insurance

7%

$122

HOA

0%

$0

Property Management

15%

$256

CapEx

4%

$68

Vacancy

0%

$0

Maintenance

4%

$68

Other

25%

$426

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