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2400 Castletower Rd, Tallahassee, FL 32301

3 beds • 3 baths • 1512 sqft

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This property looks like a bad Airbnb investment with a projected -11.31% first-year return on $82,890 initial cash invested.

-11.31%

Cash On Cash

3.22%

Cap Rate

0.55

DSCR

$2,396

Rent

-$781

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,890

Downpayment

20%

$61,800

Closing costs

1%

$3,090

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,396

Total Expenses

$3,177

Mortgage P&I

63%

$1,514

Property Taxes

17%

$401

Home Insurance

5%

$108

HOA

0%

$4

Property Management

15%

$359

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$599

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