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1515 21st St W, Palmetto, FL 34221

3 beds • 2 baths • 2608 sqft

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This property looks like a bad Airbnb investment with a projected -23.25% first-year return on $185k initial cash invested.

-23.25%

Cash On Cash

0.72%

Cap Rate

0.12

DSCR

$2,892

Rent

-$3,584

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,892 income − $6,476 expenses = $3,584 out of pocket

Income$2,892Out of Pocket$3,584Mortgage P&I$3,943136%Property Taxes$84629%Insurance$29810%Management$43415%CapEx$1164%Maintenance$1164%Other$72325%

Investment Breakdown

|

Purchase Price

$795k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$185k

Downpayment

20%

$159k

Closing costs

1%

$7,950

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,892

Total Expenses

$6,476

Mortgage P&I

136%

$3,943

Property Taxes

29%

$846

Home Insurance

10%

$298

HOA

0%

$0

Property Management

15%

$434

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$723

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