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1716 Laird St, Key West, FL 33040

3 beds • 2 baths • 1904 sqft

$2,128,500

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This property looks like a bad Airbnb investment with a projected -23.23% first-year return on $465k initial cash invested.

-23.23%

Cash On Cash

1.75%

Cap Rate

0.26

DSCR

$8,436

Rent

-$9,002

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$8,436 income − $17,438 expenses = $9,002 out of pocket

Income$8,436Out of Pocket$9,002Mortgage P&I$11,770140%Property Taxes$85210%Insurance$7689%Management$1,26515%CapEx$3374%Maintenance$3374%Other$2,10925%

Investment Breakdown

|

Purchase Price

$2129k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$465k

Downpayment

20%

$426k

Closing costs

1%

$21,285

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$8,436

Total Expenses

$17,438

Mortgage P&I

140%

$11,770

Property Taxes

10%

$852

Home Insurance

9%

$768

HOA

0%

$0

Property Management

15%

$1,265

CapEx

4%

$337

Vacancy

0%

$0

Maintenance

4%

$337

Other

25%

$2,109

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