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2001 MAGNOLIA DRIVE, Clearwater, FL 33764

3 beds • 3 baths • 2131 sqft

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This property looks like a bad Airbnb investment with a projected -16.44% first-year return on $138k initial cash invested.

-16.44%

Cash On Cash

2.33%

Cap Rate

0.39

DSCR

$3,213

Rent

-$1,885

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,213 income − $5,098 expenses = $1,885 out of pocket

Income$3,213Out of Pocket$1,885Mortgage P&I$2,86089%Property Taxes$48915%Insurance$2066%Management$48215%CapEx$1294%Maintenance$1294%Other$80325%

Investment Breakdown

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Purchase Price

$569k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$114k

Closing costs

1%

$5,694

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,213

Total Expenses

$5,098

Mortgage P&I

89%

$2,860

Property Taxes

15%

$489

Home Insurance

6%

$206

HOA

0%

$0

Property Management

15%

$482

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$803

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