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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 -24.12% first-year return on $185k initial cash invested.

-24.12%

Cash On Cash

0.57%

Cap Rate

0.09

DSCR

$2,467

Rent

-$3,719

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,467 income − $6,186 expenses = $3,719 out of pocket

Income$2,467Out of Pocket$3,719Mortgage P&I$3,996162%Property Taxes$61625%Insurance$28912%HOA$1004%Management$37015%CapEx$994%Maintenance$994%Other$61725%

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

$2,467

Total Expenses

$6,186

Mortgage P&I

162%

$3,996

Property Taxes

25%

$616

Home Insurance

12%

$289

HOA

4%

$100

Property Management

15%

$370

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$617

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