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388 SW Paces Gln, Lake City, FL 32024

3 beds • 4 baths • 2527 sqft

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This property looks like a bad Airbnb investment with a projected -27.33% first-year return on $185k initial cash invested.

-27.33%

Cash On Cash

-0.24%

Cap Rate

-0.04

DSCR

$1,515

Rent

-$4,214

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,515 income − $5,729 expenses = $4,214 out of pocket

Income$1,515Out of Pocket$4,214Mortgage P&I$3,996264%Property Taxes$61641%Insurance$28919%HOA$1007%Management$22715%CapEx$614%Maintenance$614%Other$37925%

Investment Breakdown

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Purchase Price

$795k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$185k

Downpayment

20%

$159k

Closing costs

1%

$7,954

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$1,515

Total Expenses

$5,729

Mortgage P&I

264%

$3,996

Property Taxes

41%

$616

Home Insurance

19%

$289

HOA

7%

$100

Property Management

15%

$227

CapEx

4%

$61

Vacancy

0%

$0

Maintenance

4%

$61

Other

25%

$379

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