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2012 Island Estates Dr, Parrish, FL 34219

3 beds • 3 baths • 2623 sqft

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This property looks like a bad Airbnb investment with a projected -24.01% first-year return on $170k initial cash invested.

-24.01%

Cash On Cash

0.53%

Cap Rate

0.09

DSCR

$2,621

Rent

-$3,398

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,621 income − $6,019 expenses = $3,398 out of pocket

Income$2,621Out of Pocket$3,398Mortgage P&I$3,613138%Property Taxes$67826%Insurance$26610%HOA$2048%Management$39315%CapEx$1054%Maintenance$1054%Other$65525%

Investment Breakdown

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Purchase Price

$723k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$170k

Downpayment

20%

$145k

Closing costs

1%

$7,229

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,621

Total Expenses

$6,019

Mortgage P&I

138%

$3,613

Property Taxes

26%

$678

Home Insurance

10%

$266

HOA

8%

$204

Property Management

15%

$393

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$655

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