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22 Turtle Cove Dr, Southampton, NY 11968

3 beds • 2 baths • 2200 sqft

$2,400,000

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This property looks like a bad Airbnb investment with a projected -31.41% first-year return on $522k initial cash invested.

-31.41%

Cash On Cash

-0.82%

Cap Rate

-0.14

DSCR

$5,192

Rent

-$13,663

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,192 income − $18,855 expenses = $13,663 out of pocket

Income$5,192Out of Pocket$13,663Mortgage P&I$11,822228%Property Taxes$3,70071%Insurance$84016%Management$77915%CapEx$2084%Maintenance$2084%Other$1,29825%

Investment Breakdown

|

Purchase Price

$2400k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$522k

Downpayment

20%

$480k

Closing costs

1%

$24,000

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$5,192

Total Expenses

$18,855

Mortgage P&I

228%

$11,822

Property Taxes

71%

$3,700

Home Insurance

16%

$840

HOA

0%

$0

Property Management

15%

$779

CapEx

4%

$208

Vacancy

0%

$0

Maintenance

4%

$208

Other

25%

$1,298

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