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2805 Flagler Ave, Key West, FL 33040

3 beds • 2 baths • 1227 sqft

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This property looks like a bad Airbnb investment with a projected -6.46% first-year return on $195k initial cash invested.

-6.46%

Cash On Cash

4.57%

Cap Rate

0.81

DSCR

$7,179

Rent

-$1,048

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,179 income − $8,227 expenses = $1,048 out of pocket

Income$7,179Out of Pocket$1,048Mortgage P&I$3,96255%Property Taxes$5137%Insurance$3064%Management$1,07715%CapEx$2874%Maintenance$2874%Other$1,79525%

Investment Breakdown

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Purchase Price

$841k

Downpayment

20.0%

Interest Rate

5.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$195k

Downpayment

20%

$168k

Closing costs

1%

$8,414

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$7,179

Total Expenses

$8,227

Mortgage P&I

55%

$3,962

Property Taxes

7%

$513

Home Insurance

4%

$306

HOA

0%

$0

Property Management

15%

$1,077

CapEx

4%

$287

Vacancy

0%

$0

Maintenance

4%

$287

Other

25%

$1,795

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