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23 Creek Bluff Way, Ormond Beach, FL 32174

3 beds • 2 baths • 1935 sqft

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This property looks like a bad Airbnb investment with a projected -17.16% first-year return on $101k initial cash invested.

-17.16%

Cash On Cash

1.99%

Cap Rate

0.32

DSCR

$2,037

Rent

-$1,445

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,037 income − $3,482 expenses = $1,445 out of pocket

Income$2,037Out of Pocket$1,445Mortgage P&I$2,02099%Property Taxes$19810%Insurance$1447%HOA$1437%Management$30615%CapEx$814%Maintenance$814%Other$50925%

Investment Breakdown

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Purchase Price

$396k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,100

Closing costs

1%

$3,955

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,037

Total Expenses

$3,482

Mortgage P&I

99%

$2,020

Property Taxes

10%

$198

Home Insurance

7%

$144

HOA

7%

$143

Property Management

15%

$306

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$509

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