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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 -14.33% first-year return on $86,439 initial cash invested.

-14.33%

Cash On Cash

2.45%

Cap Rate

0.41

DSCR

$1,814

Rent

-$1,032

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,814 income − $2,846 expenses = $1,032 out of pocket

Income$1,814Out of Pocket$1,032Mortgage P&I$1,62590%Property Taxes$23013%Insurance$1197%Management$27215%CapEx$734%Maintenance$734%Other$45425%

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

$1,814

Total Expenses

$2,846

Mortgage P&I

90%

$1,625

Property Taxes

13%

$230

Home Insurance

7%

$119

HOA

0%

$0

Property Management

15%

$272

CapEx

4%

$73

Vacancy

0%

$0

Maintenance

4%

$73

Other

25%

$454

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