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1288 Waterway Cove Drive, Wellington, FL 33414

3 beds • 2 baths • 1449 sqft

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This property looks like a bad Airbnb investment with a projected -9.98% first-year return on $122k initial cash invested.

-9.98%

Cash On Cash

4%

Cap Rate

0.66

DSCR

$4,206

Rent

-$1,014

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,206 income − $5,220 expenses = $1,014 out of pocket

Income$4,206Out of Pocket$1,014Mortgage P&I$2,49859%Property Taxes$49012%Insurance$1734%HOA$401%Management$63115%CapEx$1684%Maintenance$1684%Other$1,05225%

Investment Breakdown

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Purchase Price

$495k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,000

Closing costs

1%

$4,950

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,206

Total Expenses

$5,220

Mortgage P&I

59%

$2,498

Property Taxes

12%

$490

Home Insurance

4%

$173

HOA

1%

$40

Property Management

15%

$631

CapEx

4%

$168

Vacancy

0%

$0

Maintenance

4%

$168

Other

25%

$1,052

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