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This property looks like a bad Airbnb investment with a projected -15.05% first-year return on $139k initial cash invested.
-15.05%
Cash On Cash
2.51%
Cap Rate
0.43
DSCR
$3,346
Rent
-$1,740
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,346 income − $5,086 expenses = $1,740 out of pocket
Investment Breakdown
|
Purchase Price
$575k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$139k
Downpayment
20%
$115k
Closing costs
1%
$5,750
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,346
Total Expenses
$5,086
Mortgage P&I
84%
$2,807
Property Taxes
14%
$472
Home Insurance
6%
$201
HOA
0%
$0
Property Management
15%
$502
CapEx
4%
$134
Vacancy
0%
$0
Maintenance
4%
$134
Other
25%
$836
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Comparable Property | Rent | ADR | Beds | Baths | Distance |
|---|---|---|---|---|---|
Merritt Island Beauty | $8,478 | $362 | 3 | 2 | 0.57 mi |
The Island Hidaway *7 mins from beach* | $5,972 | $255 | 3 | 2 | 0.19 mi |
Tropical Retreat Near Beaches, Cruise Terminals | $6,722 | $287 | 3 | 2 | 0.22 mi |
104 W Rancho Del Cerro | $2,500 | $250 | 4 | 2 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | $110 | 2 | 1 | 0.9 mi |
2022 S American St | $2,850 | $285 | 5 | 4 | 0.6 mi |
Projection Charts
Investment Value YoY