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13011 Michael St, Biloxi, MS 39532

3 beds • 2 baths • 1450 sqft

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This property looks like a bad Airbnb investment with a projected -7.59% first-year return on $76,800 initial cash invested.

-7.59%

Cash On Cash

4.48%

Cap Rate

0.72

DSCR

$2,147

Rent

-$486

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,147 income − $2,633 expenses = $486 out of pocket

Income$2,147Out of Pocket$486Mortgage P&I$1,44667%Property Taxes$583%Insurance$985%Management$32215%CapEx$864%Maintenance$864%Other$53725%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,800

Downpayment

20%

$56,000

Closing costs

1%

$2,800

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,147

Total Expenses

$2,633

Mortgage P&I

67%

$1,446

Property Taxes

3%

$58

Home Insurance

5%

$98

HOA

0%

$0

Property Management

15%

$322

CapEx

4%

$86

Vacancy

0%

$0

Maintenance

4%

$86

Other

25%

$537

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