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3120 MARINER Way, Lake Worth, FL 33462

3 beds • 2 baths • 1967 sqft

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This property looks like a bad Airbnb investment with a projected -23.71% first-year return on $129k initial cash invested.

-23.71%

Cash On Cash

0.95%

Cap Rate

0.14

DSCR

$2,050

Rent

-$2,550

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,050 income − $4,600 expenses = $2,550 out of pocket

Income$2,050Out of Pocket$2,550Mortgage P&I$2,886141%Property Taxes$53826%Insurance$1929%Management$30815%CapEx$824%Maintenance$824%Other$51225%

Investment Breakdown

|

Purchase Price

$529k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$106k

Closing costs

1%

$5,288

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,050

Total Expenses

$4,600

Mortgage P&I

141%

$2,886

Property Taxes

26%

$538

Home Insurance

9%

$192

HOA

0%

$0

Property Management

15%

$308

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$512

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