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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 -13.29% first-year return on $129k initial cash invested.

-13.29%

Cash On Cash

2.98%

Cap Rate

0.5

DSCR

$3,257

Rent

-$1,425

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,257 income − $4,682 expenses = $1,425 out of pocket

Income$3,257Out of Pocket$1,425Mortgage P&I$2,60580%Property Taxes$32210%Insurance$1926%Management$48915%CapEx$1304%Maintenance$1304%Other$81425%

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

$3,257

Total Expenses

$4,682

Mortgage P&I

80%

$2,605

Property Taxes

10%

$322

Home Insurance

6%

$192

HOA

0%

$0

Property Management

15%

$489

CapEx

4%

$130

Vacancy

0%

$0

Maintenance

4%

$130

Other

25%

$814

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