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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 -12.39% first-year return on $129k initial cash invested.

-12.39%

Cash On Cash

3.22%

Cap Rate

0.54

DSCR

$3,446

Rent

-$1,328

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,446 income − $4,774 expenses = $1,328 out of pocket

Income$3,446Out of Pocket$1,328Mortgage P&I$2,60576%Property Taxes$3229%Insurance$1926%Management$51715%CapEx$1384%Maintenance$1384%Other$86225%

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

$3,446

Total Expenses

$4,774

Mortgage P&I

76%

$2,605

Property Taxes

9%

$322

Home Insurance

6%

$192

HOA

0%

$0

Property Management

15%

$517

CapEx

4%

$138

Vacancy

0%

$0

Maintenance

4%

$138

Other

25%

$862

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