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3061 Waterway Dr, Lake Placid, FL 33852

3 beds • 2 baths • 2181 sqft

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This property looks like a bad Airbnb investment with a projected -23.21% first-year return on $154k initial cash invested.

-23.21%

Cash On Cash

0.52%

Cap Rate

0.09

DSCR

$1,669

Rent

-$2,976

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,669 income − $4,645 expenses = $2,976 out of pocket

Income$1,669Out of Pocket$2,976Mortgage P&I$3,190191%Property Taxes$42025%Insurance$23414%Management$25015%CapEx$674%Maintenance$674%Other$41725%

Investment Breakdown

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Purchase Price

$647k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$154k

Downpayment

20%

$129k

Closing costs

1%

$6,469

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$1,669

Total Expenses

$4,645

Mortgage P&I

191%

$3,190

Property Taxes

25%

$420

Home Insurance

14%

$234

HOA

0%

$0

Property Management

15%

$250

CapEx

4%

$67

Vacancy

0%

$0

Maintenance

4%

$67

Other

25%

$417

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