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39 Sea Harbor Dr E, Ormond Beach, FL 32176

3 beds • 2 baths • 1684 sqft

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This property looks like a bad Airbnb investment with a projected -17.13% first-year return on $142k initial cash invested.

-17.13%

Cash On Cash

2%

Cap Rate

0.34

DSCR

$2,503

Rent

-$2,023

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,503 income − $4,526 expenses = $2,023 out of pocket

Income$2,503Out of Pocket$2,023Mortgage P&I$2,903116%Property Taxes$2169%Insurance$2068%Management$37515%CapEx$1004%Maintenance$1004%Other$62625%

Investment Breakdown

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Purchase Price

$589k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$118k

Closing costs

1%

$5,890

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,503

Total Expenses

$4,526

Mortgage P&I

116%

$2,903

Property Taxes

9%

$216

Home Insurance

8%

$206

HOA

0%

$0

Property Management

15%

$375

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$626

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