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2924 Penridge Dr, Palm Harbor, FL 34684

3 beds • 2 baths • 1693 sqft

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This property looks like a bad Airbnb investment with a projected -7.8% first-year return on $118k initial cash invested.

-7.8%

Cash On Cash

4.32%

Cap Rate

0.74

DSCR

$3,971

Rent

-$769

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,971 income − $4,740 expenses = $769 out of pocket

Income$3,971Out of Pocket$769Mortgage P&I$2,33059%Property Taxes$2356%Insurance$1734%HOA$952%Management$59615%CapEx$1594%Maintenance$1594%Other$99325%

Investment Breakdown

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Purchase Price

$478k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,580

Closing costs

1%

$4,779

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,971

Total Expenses

$4,740

Mortgage P&I

59%

$2,330

Property Taxes

6%

$235

Home Insurance

4%

$173

HOA

2%

$95

Property Management

15%

$596

CapEx

4%

$159

Vacancy

0%

$0

Maintenance

4%

$159

Other

25%

$993

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