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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 -14.42% first-year return on $122k initial cash invested.

-14.42%

Cash On Cash

2.83%

Cap Rate

0.47

DSCR

$3,336

Rent

-$1,465

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,336 income − $4,801 expenses = $1,465 out of pocket

Income$3,336Out of Pocket$1,465Mortgage P&I$2,49875%Property Taxes$49015%Insurance$1735%HOA$401%Management$50015%CapEx$1334%Maintenance$1334%Other$83425%

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

$3,336

Total Expenses

$4,801

Mortgage P&I

75%

$2,498

Property Taxes

15%

$490

Home Insurance

5%

$173

HOA

1%

$40

Property Management

15%

$500

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$834

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