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39 Lakebluff Dr, Ormond Beach, FL 32174

3 beds • 2 baths • 1918 sqft

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This property looks like a bad Airbnb investment with a projected -15.12% first-year return on $102k initial cash invested.

-15.12%

Cash On Cash

2.62%

Cap Rate

0.42

DSCR

$2,481

Rent

-$1,286

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,481 income − $3,767 expenses = $1,286 out of pocket

Income$2,481Out of Pocket$1,286Mortgage P&I$2,06183%Property Taxes$27111%Insurance$1456%HOA$1004%Management$37215%CapEx$994%Maintenance$994%Other$62025%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$80,080

Closing costs

1%

$4,004

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,481

Total Expenses

$3,767

Mortgage P&I

83%

$2,061

Property Taxes

11%

$271

Home Insurance

6%

$145

HOA

4%

$100

Property Management

15%

$372

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$620

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