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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 -15.14% first-year return on $110k initial cash invested.

-15.14%

Cash On Cash

2.48%

Cap Rate

0.41

DSCR

$2,541

Rent

-$1,393

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,541 income − $3,934 expenses = $1,393 out of pocket

Income$2,541Out of Pocket$1,393Mortgage P&I$2,20187%Property Taxes$2128%Insurance$1586%HOA$1436%Management$38115%CapEx$1024%Maintenance$1024%Other$63525%

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

$2,541

Total Expenses

$3,934

Mortgage P&I

87%

$2,201

Property Taxes

8%

$212

Home Insurance

6%

$158

HOA

6%

$143

Property Management

15%

$381

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$635

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