16229 CASTLE PARK TERRACE, Lakewood Ranch, FL 34202
3 beds • 4 baths • 2733 sqft
$956,100
View on ZillowThis property looks like a bad Airbnb investment with a projected -32.83% first-year return on $219k initial cash invested.
-32.83%
Cash On Cash
-0.87%
Cap Rate
-0.13
DSCR
$1,984
Rent
-$5,985
Cashflow
Cash Flow
$1,984 income − $7,969 expenses = $5,985 out of pocket
Investment Breakdown
|
Purchase Price
$956k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$219k
Downpayment
20%
$191k
Closing costs
1%
$9,561
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$1,984
Total Expenses
$7,969
Mortgage P&I
263%
$5,211
Property Taxes
46%
$907
Home Insurance
18%
$350
HOA
28%
$549
Property Management
15%
$298
CapEx
4%
$79
Vacancy
0%
$0
Maintenance
4%
$79
Other
25%
$496