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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 -24.14% first-year return on $185k initial cash invested.

-24.14%

Cash On Cash

0.49%

Cap Rate

0.08

DSCR

$2,626

Rent

-$3,721

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,626 income − $6,347 expenses = $3,721 out of pocket

Income$2,626Out of Pocket$3,721Mortgage P&I$3,943150%Property Taxes$84632%Insurance$29811%Management$39415%CapEx$1054%Maintenance$1054%Other$65625%

Investment Breakdown

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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

$2,626

Total Expenses

$6,347

Mortgage P&I

150%

$3,943

Property Taxes

32%

$846

Home Insurance

11%

$298

HOA

0%

$0

Property Management

15%

$394

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$656

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