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2660 57TH STREET, Sarasota, FL 34243

3 beds • 3 baths • 2275 sqft

$1,217,900

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This property looks like a bad Airbnb investment with a projected -28.65% first-year return on $274k initial cash invested.

-28.65%

Cash On Cash

0.34%

Cap Rate

0.05

DSCR

$3,663

Rent

-$6,536

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,663 income − $10,199 expenses = $6,536 out of pocket

Income$3,663Out of Pocket$6,536Mortgage P&I$6,735184%Property Taxes$91425%Insurance$78822%HOA$3Management$54915%CapEx$1474%Maintenance$1474%Other$91625%

Investment Breakdown

|

Purchase Price

$1218k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$274k

Downpayment

20%

$244k

Closing costs

1%

$12,179

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$3,663

Total Expenses

$10,199

Mortgage P&I

184%

$6,735

Property Taxes

25%

$914

Home Insurance

22%

$788

HOA

0%

$3

Property Management

15%

$549

CapEx

4%

$147

Vacancy

0%

$0

Maintenance

4%

$147

Other

25%

$916

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