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2047 Crystal Lake Dr, Miramar Beach, FL 32550

3 beds • 2 baths • 1492 sqft

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This property looks like a bad Airbnb investment with a projected -14.63% first-year return on $165k initial cash invested.

-14.63%

Cash On Cash

3.41%

Cap Rate

0.52

DSCR

$4,985

Rent

-$2,009

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,985 income − $6,994 expenses = $2,009 out of pocket

Income$4,985Out of Pocket$2,009Mortgage P&I$3,79876%Property Taxes$55511%Insurance$2495%Management$74815%CapEx$1994%Maintenance$1994%Other$1,24625%

Investment Breakdown

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Purchase Price

$699k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$165k

Downpayment

20%

$140k

Closing costs

1%

$6,991

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,985

Total Expenses

$6,994

Mortgage P&I

76%

$3,798

Property Taxes

11%

$555

Home Insurance

5%

$249

HOA

0%

$0

Property Management

15%

$748

CapEx

4%

$199

Vacancy

0%

$0

Maintenance

4%

$199

Other

25%

$1,246

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