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302 Wildcat St, Lake Placid, FL 33852

3 beds • 2 baths • 2230 sqft

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This property looks like a bad Airbnb investment with a projected -27.05% first-year return on $82,617 initial cash invested.

-27.05%

Cash On Cash

-1.11%

Cap Rate

-0.18

DSCR

$319

Rent

-$1,862

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$319 income − $2,181 expenses = $1,862 out of pocket

Income$319Out of Pocket$1,862Mortgage P&I$1,565491%Property Taxes$350110%Insurance$11235%Management$4815%CapEx$134%Maintenance$134%Other$8025%

Investment Breakdown

|

Purchase Price

$308k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,617

Downpayment

20%

$61,540

Closing costs

1%

$3,077

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$319

Total Expenses

$2,181

Mortgage P&I

491%

$1,565

Property Taxes

110%

$350

Home Insurance

35%

$112

HOA

0%

$0

Property Management

15%

$48

CapEx

4%

$13

Vacancy

0%

$0

Maintenance

4%

$13

Other

25%

$80

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