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240 Lake Drive, Coconut Creek, FL 33066

3 beds • 2 baths • 1853 sqft

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This property looks like a bad Airbnb investment with a projected -6.11% first-year return on $129k initial cash invested.

-6.11%

Cash On Cash

4.87%

Cap Rate

0.82

DSCR

$4,740

Rent

-$655

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,740 income − $5,395 expenses = $655 out of pocket

Income$4,740Out of Pocket$655Mortgage P&I$2,60555%Property Taxes$3227%Insurance$1924%Management$71115%CapEx$1904%Maintenance$1904%Other$1,18525%

Investment Breakdown

|

Purchase Price

$527k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$105k

Closing costs

1%

$5,268

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,740

Total Expenses

$5,395

Mortgage P&I

55%

$2,605

Property Taxes

7%

$322

Home Insurance

4%

$192

HOA

0%

$0

Property Management

15%

$711

CapEx

4%

$190

Vacancy

0%

$0

Maintenance

4%

$190

Other

25%

$1,185

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