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2940 NE 39th Court, Lighthouse Pt, FL 33064

3 beds • 3 baths • 2124 sqft

$1,446,600

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This property looks like a bad Airbnb investment with a projected -15.35% first-year return on $322k initial cash invested.

-15.35%

Cash On Cash

2.9%

Cap Rate

0.48

DSCR

$8,692

Rent

-$4,115

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$8,692 income − $12,807 expenses = $4,115 out of pocket

Income$8,692Out of Pocket$4,115Mortgage P&I$7,25984%Property Taxes$83310%Insurance$5426%Management$1,30415%CapEx$3484%Maintenance$3484%Other$2,17325%

Investment Breakdown

|

Purchase Price

$1447k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$322k

Downpayment

20%

$289k

Closing costs

1%

$14,466

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$8,692

Total Expenses

$12,807

Mortgage P&I

84%

$7,259

Property Taxes

10%

$833

Home Insurance

6%

$542

HOA

0%

$0

Property Management

15%

$1,304

CapEx

4%

$348

Vacancy

0%

$0

Maintenance

4%

$348

Other

25%

$2,173

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