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15 Circle Creek Way, Ormond Beach, FL 32174

3 beds • 2 baths • 1875 sqft

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This property looks like a bad Airbnb investment with a projected -17.56% first-year return on $110k initial cash invested.

-17.56%

Cash On Cash

1.82%

Cap Rate

0.3

DSCR

$2,109

Rent

-$1,616

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,109 income − $3,725 expenses = $1,616 out of pocket

Income$2,109Out of Pocket$1,616Mortgage P&I$2,201104%Property Taxes$21210%Insurance$1587%HOA$1437%Management$31615%CapEx$844%Maintenance$844%Other$52725%

Investment Breakdown

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Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$88,020

Closing costs

1%

$4,401

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,109

Total Expenses

$3,725

Mortgage P&I

104%

$2,201

Property Taxes

10%

$212

Home Insurance

7%

$158

HOA

7%

$143

Property Management

15%

$316

CapEx

4%

$84

Vacancy

0%

$0

Maintenance

4%

$84

Other

25%

$527

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