REI Lense

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303 E Waterway Ave NW, Lake Placid, FL 33852

3 beds • 2 baths • 1877 sqft

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This property looks like a bad Airbnb investment with a projected -8.69% first-year return on $89,610 initial cash invested.

-8.69%

Cash On Cash

3.96%

Cap Rate

0.68

DSCR

$2,896

Rent

-$649

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,610

Downpayment

20%

$68,200

Closing costs

1%

$3,410

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,896

Total Expenses

$3,545

Mortgage P&I

57%

$1,659

Property Taxes

13%

$368

Home Insurance

4%

$126

HOA

0%

$2

Property Management

15%

$434

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$724

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