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2959 N Lockwood Meadows Blvd, Sarasota, FL 34234

3 beds • 2 baths • 924 sqft

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This property looks like a bad Airbnb investment with a projected -8.35% first-year return on $91,668 initial cash invested.

-8.35%

Cash On Cash

4.19%

Cap Rate

0.7

DSCR

$2,984

Rent

-$638

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,984 income − $3,622 expenses = $638 out of pocket

Income$2,984Out of Pocket$638Mortgage P&I$1,74458%Property Taxes$32211%Insurance$1244%Management$44815%CapEx$1194%Maintenance$1194%Other$74625%

Investment Breakdown

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Purchase Price

$351k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,668

Downpayment

20%

$70,160

Closing costs

1%

$3,508

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,984

Total Expenses

$3,622

Mortgage P&I

58%

$1,744

Property Taxes

11%

$322

Home Insurance

4%

$124

HOA

0%

$0

Property Management

15%

$448

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$746

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