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3171 Horace Ave, North Port, FL 34286

3 beds • 2 baths • 1473 sqft

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This property looks like a bad Airbnb investment with a projected -3.55% first-year return on $84,780 initial cash invested.

-3.55%

Cash On Cash

5.39%

Cap Rate

0.92

DSCR

$3,154

Rent

-$251

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,154 income − $3,405 expenses = $251 out of pocket

Income$3,154Out of Pocket$251Mortgage P&I$1,55449%Property Taxes$2247%Insurance$1144%Management$47315%CapEx$1264%Maintenance$1264%Other$78825%

Investment Breakdown

|

Purchase Price

$318k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,780

Downpayment

20%

$63,600

Closing costs

1%

$3,180

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,154

Total Expenses

$3,405

Mortgage P&I

49%

$1,554

Property Taxes

7%

$224

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$473

CapEx

4%

$126

Vacancy

0%

$0

Maintenance

4%

$126

Other

25%

$788

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