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3137 SE 8th Ave, Cape Coral, FL 33904

3 beds • 2 baths • 1777 sqft

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This property looks like a bad Airbnb investment with a projected -16.83% first-year return on $114k initial cash invested.

-16.83%

Cash On Cash

2.03%

Cap Rate

0.34

DSCR

$2,421

Rent

-$1,604

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,421 income − $4,025 expenses = $1,604 out of pocket

Income$2,421Out of Pocket$1,604Mortgage P&I$2,28294%Property Taxes$42017%Insurance$1617%Management$36315%CapEx$974%Maintenance$974%Other$60525%

Investment Breakdown

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Purchase Price

$459k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,800

Closing costs

1%

$4,590

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,421

Total Expenses

$4,025

Mortgage P&I

94%

$2,282

Property Taxes

17%

$420

Home Insurance

7%

$161

HOA

0%

$0

Property Management

15%

$363

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$605

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