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2111 Lee Ave, Tallahassee, FL 32308

3 beds • 2 baths • 2002 sqft

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This property looks like a bad Airbnb investment with a projected -14.04% first-year return on $122k initial cash invested.

-14.04%

Cash On Cash

2.94%

Cap Rate

0.48

DSCR

$3,107

Rent

-$1,426

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,107 income − $4,533 expenses = $1,426 out of pocket

Income$3,107Out of Pocket$1,426Mortgage P&I$2,51581%Property Taxes$34311%Insurance$1846%Management$46615%CapEx$1244%Maintenance$1244%Other$77725%

Investment Breakdown

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Purchase Price

$495k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$98,900

Closing costs

1%

$4,945

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,107

Total Expenses

$4,533

Mortgage P&I

81%

$2,515

Property Taxes

11%

$343

Home Insurance

6%

$184

HOA

0%

$0

Property Management

15%

$466

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$777

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