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3 Larisa Ter, Ormond Beach, FL 32174

3 beds • 2 baths • 1752 sqft

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This property looks like a bad Airbnb investment with a projected -10.37% first-year return on $107k initial cash invested.

-10.37%

Cash On Cash

3.52%

Cap Rate

0.6

DSCR

$2,771

Rent

-$925

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,771 income − $3,696 expenses = $925 out of pocket

Income$2,771Out of Pocket$925Mortgage P&I$2,05674%Property Taxes$1546%Insurance$1556%Management$41615%CapEx$1114%Maintenance$1114%Other$69325%

Investment Breakdown

|

Purchase Price

$424k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,780

Closing costs

1%

$4,239

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,771

Total Expenses

$3,696

Mortgage P&I

74%

$2,056

Property Taxes

6%

$154

Home Insurance

6%

$155

HOA

0%

$0

Property Management

15%

$416

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$693

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