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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 -25.17% first-year return on $185k initial cash invested.

-25.17%

Cash On Cash

0.24%

Cap Rate

0.04

DSCR

$2,322

Rent

-$3,879

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,322 income − $6,201 expenses = $3,879 out of pocket

Income$2,322Out of Pocket$3,879Mortgage P&I$3,943170%Property Taxes$84636%Insurance$29813%Management$34815%CapEx$934%Maintenance$934%Other$58025%

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

$2,322

Total Expenses

$6,201

Mortgage P&I

170%

$3,943

Property Taxes

36%

$846

Home Insurance

13%

$298

HOA

0%

$0

Property Management

15%

$348

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$580

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