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2205 NE 1st Pl, Cape Coral, FL 33909

3 beds • 2 baths • 1555 sqft

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This property looks like a bad Airbnb investment with a projected -2.77% first-year return on $84,129 initial cash invested.

-2.77%

Cash On Cash

5.82%

Cap Rate

0.97

DSCR

$3,494

Rent

-$194

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,494 income − $3,688 expenses = $194 out of pocket

Income$3,494Out of Pocket$194Mortgage P&I$1,58045%Property Taxes$3209%Insurance$1103%Management$52415%CapEx$1404%Maintenance$1404%Other$87425%

Investment Breakdown

|

Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,129

Downpayment

20%

$62,980

Closing costs

1%

$3,149

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,494

Total Expenses

$3,688

Mortgage P&I

45%

$1,580

Property Taxes

9%

$320

Home Insurance

3%

$110

HOA

0%

$0

Property Management

15%

$524

CapEx

4%

$140

Vacancy

0%

$0

Maintenance

4%

$140

Other

25%

$874

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