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306 NE 3RD STREET, Gainesville, FL 32601

3 beds • 2 baths • 2854 sqft

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This property looks like a bad Airbnb investment with a projected -19.71% first-year return on $144k initial cash invested.

-19.71%

Cash On Cash

1.71%

Cap Rate

0.28

DSCR

$3,370

Rent

-$2,365

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,370 income − $5,735 expenses = $2,365 out of pocket

Income$3,370Out of Pocket$2,365Mortgage P&I$3,08391%Property Taxes$82424%Insurance$2106%Management$50615%CapEx$1354%Maintenance$1354%Other$84225%

Investment Breakdown

|

Purchase Price

$600k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,999

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,370

Total Expenses

$5,735

Mortgage P&I

91%

$3,083

Property Taxes

24%

$824

Home Insurance

6%

$210

HOA

0%

$0

Property Management

15%

$506

CapEx

4%

$135

Vacancy

0%

$0

Maintenance

4%

$135

Other

25%

$842

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