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1990 Lake Point Ln, Tallahassee, FL 32310

3 beds • 2 baths • 1536 sqft

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This property looks like a bad Airbnb investment with a projected -9.67% first-year return on $94,020 initial cash invested.

-9.67%

Cash On Cash

3.6%

Cap Rate

0.63

DSCR

$2,870

Rent

-$758

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$362k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,020

Downpayment

20%

$72,400

Closing costs

1%

$3,620

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,870

Total Expenses

$3,628

Mortgage P&I

60%

$1,729

Property Taxes

14%

$391

Home Insurance

5%

$130

HOA

0%

$0

Property Management

15%

$430

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$718

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Stunning Lake Views, dock, game room, relaxing

$3,928

$287

3

2.5

1.39 mi

Tackle Box at Lake Talquin

$3,052

$223

2

1

0.93 mi

Talquin Lake House W/Dock 3 bedroom with office/gym

$2,847

$208

4

2

0.74 mi

Talquin Lakeside Retreat Sleeps 7 in 4 BRs/2 Baths

$3,285

$240

4

2

0.93 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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