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1939 Wallace Ct, Deland, FL 32720

3 beds • 2 baths • 1951 sqft

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This property looks like a bad Airbnb investment with a projected -6.67% first-year return on $101k initial cash invested.

-6.67%

Cash On Cash

4.47%

Cap Rate

0.77

DSCR

$2,944

Rent

-$561

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,944 income − $3,505 expenses = $561 out of pocket

Income$2,944Out of Pocket$561Mortgage P&I$1,91665%Property Taxes$371%Insurance$1385%Management$44215%CapEx$1184%Maintenance$1184%Other$73625%

Investment Breakdown

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Purchase Price

$395k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,000

Closing costs

1%

$3,950

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,944

Total Expenses

$3,505

Mortgage P&I

65%

$1,916

Property Taxes

1%

$37

Home Insurance

5%

$138

HOA

0%

$0

Property Management

15%

$442

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$736

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