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1470 Carolina Ave, Mulberry, FL 33860

3 beds • 2 baths • 1443 sqft

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This property looks like a bad Airbnb investment with a projected -11.16% first-year return on $80,990 initial cash invested.

-11.16%

Cash On Cash

3.34%

Cap Rate

0.55

DSCR

$2,080

Rent

-$753

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,080 income − $2,833 expenses = $753 out of pocket

Income$2,080Out of Pocket$753Mortgage P&I$1,50572%Property Taxes$22511%Insurance$1055%Management$31215%CapEx$834%Maintenance$834%Other$52025%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,990

Downpayment

20%

$59,990

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,080

Total Expenses

$2,833

Mortgage P&I

72%

$1,505

Property Taxes

11%

$225

Home Insurance

5%

$105

HOA

0%

$0

Property Management

15%

$312

CapEx

4%

$83

Vacancy

0%

$0

Maintenance

4%

$83

Other

25%

$520

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