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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 -18.48% first-year return on $322k initial cash invested.

-18.48%

Cash On Cash

2.15%

Cap Rate

0.36

DSCR

$7,074

Rent

-$4,955

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,074 income − $12,029 expenses = $4,955 out of pocket

Income$7,074Out of Pocket$4,955Mortgage P&I$7,259103%Property Taxes$83312%Insurance$5428%Management$1,06115%CapEx$2834%Maintenance$2834%Other$1,76825%

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

$7,074

Total Expenses

$12,029

Mortgage P&I

103%

$7,259

Property Taxes

12%

$833

Home Insurance

8%

$542

HOA

0%

$0

Property Management

15%

$1,061

CapEx

4%

$283

Vacancy

0%

$0

Maintenance

4%

$283

Other

25%

$1,768

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