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400 S Ridgewood Ave, Ormond Beach, FL 32174

3 beds • 3 baths • 1056 sqft

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This property looks like a bad Airbnb investment with a projected -5.48% first-year return on $86,439 initial cash invested.

-5.48%

Cash On Cash

4.98%

Cap Rate

0.83

DSCR

$3,039

Rent

-$395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,039 income − $3,434 expenses = $395 out of pocket

Income$3,039Out of Pocket$395Mortgage P&I$1,62553%Property Taxes$2308%Insurance$1194%Management$45615%CapEx$1224%Maintenance$1224%Other$76025%

Investment Breakdown

|

Purchase Price

$326k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,439

Downpayment

20%

$65,180

Closing costs

1%

$3,259

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,039

Total Expenses

$3,434

Mortgage P&I

53%

$1,625

Property Taxes

8%

$230

Home Insurance

4%

$119

HOA

0%

$0

Property Management

15%

$456

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$760

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