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2020 NE 26th Street, Lighthouse Pt, FL 33064

3 beds • 4 baths • 2160 sqft

$1,114,200

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This property looks like a bad Airbnb investment with a projected -17.1% first-year return on $252k initial cash invested.

-17.1%

Cash On Cash

2.35%

Cap Rate

0.4

DSCR

$6,596

Rent

-$3,590

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,596 income − $10,186 expenses = $3,590 out of pocket

Income$6,596Out of Pocket$3,590Mortgage P&I$5,51084%Property Taxes$1,09217%Insurance$4186%Management$98915%CapEx$2644%Maintenance$2644%Other$1,64925%

Investment Breakdown

|

Purchase Price

$1114k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$252k

Downpayment

20%

$223k

Closing costs

1%

$11,142

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,596

Total Expenses

$10,186

Mortgage P&I

84%

$5,510

Property Taxes

17%

$1,092

Home Insurance

6%

$418

HOA

0%

$0

Property Management

15%

$989

CapEx

4%

$264

Vacancy

0%

$0

Maintenance

4%

$264

Other

25%

$1,649

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