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353 Rheine Rd NW, Palm Bay, FL 32907

3 beds • 2 baths • 1472 sqft

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This property looks like a bad Airbnb investment with a projected -2.52% first-year return on $79,635 initial cash invested.

-2.52%

Cash On Cash

6.48%

Cap Rate

0.98

DSCR

$3,256

Rent

-$167

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,256 income − $3,423 expenses = $167 out of pocket

Income$3,256Out of Pocket$167Mortgage P&I$1,62250%Property Taxes$1344%Insurance$1053%Management$48815%CapEx$1304%Maintenance$1304%Other$81425%

Investment Breakdown

|

Purchase Price

$294k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,635

Downpayment

20%

$58,700

Closing costs

1%

$2,935

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,256

Total Expenses

$3,423

Mortgage P&I

50%

$1,622

Property Taxes

4%

$134

Home Insurance

3%

$105

HOA

0%

$0

Property Management

15%

$488

CapEx

4%

$130

Vacancy

0%

$0

Maintenance

4%

$130

Other

25%

$814

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