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135 ASHLEY LAKE Drive, Melrose, FL 32666

3 beds • 3 baths • 2220 sqft

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This property looks like a bad Airbnb investment with a projected -9.97% first-year return on $99,186 initial cash invested.

-9.97%

Cash On Cash

4.39%

Cap Rate

0.67

DSCR

$3,164

Rent

-$824

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,164 income − $3,988 expenses = $824 out of pocket

Income$3,164Out of Pocket$824Mortgage P&I$2,11067%Property Taxes$2137%Insurance$1404%HOA$5Management$47515%CapEx$1274%Maintenance$1274%Other$79125%

Investment Breakdown

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Purchase Price

$387k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,186

Downpayment

20%

$77,320

Closing costs

1%

$3,866

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,164

Total Expenses

$3,988

Mortgage P&I

67%

$2,110

Property Taxes

7%

$213

Home Insurance

4%

$140

HOA

0%

$5

Property Management

15%

$475

CapEx

4%

$127

Vacancy

0%

$0

Maintenance

4%

$127

Other

25%

$791

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