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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 -5.11% first-year return on $76,800 initial cash invested.

-5.11%

Cash On Cash

5.22%

Cap Rate

0.84

DSCR

$2,452

Rent

-$327

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,452 income − $2,779 expenses = $327 out of pocket

Income$2,452Out of Pocket$327Mortgage P&I$1,44659%Property Taxes$582%Insurance$984%Management$36815%CapEx$984%Maintenance$984%Other$61325%

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

$2,452

Total Expenses

$2,779

Mortgage P&I

59%

$1,446

Property Taxes

2%

$58

Home Insurance

4%

$98

HOA

0%

$0

Property Management

15%

$368

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$613

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