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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 -32.61% first-year return on $522k initial cash invested.

-32.61%

Cash On Cash

-1.1%

Cap Rate

-0.19

DSCR

$4,190

Rent

-$14,184

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,190 income − $18,374 expenses = $14,184 out of pocket

Income$4,190Out of Pocket$14,184Mortgage P&I$11,822282%Property Taxes$3,70088%Insurance$84020%Management$62815%CapEx$1684%Maintenance$1684%Other$1,04825%

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

$4,190

Total Expenses

$18,374

Mortgage P&I

282%

$11,822

Property Taxes

88%

$3,700

Home Insurance

20%

$840

HOA

0%

$0

Property Management

15%

$628

CapEx

4%

$168

Vacancy

0%

$0

Maintenance

4%

$168

Other

25%

$1,048

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