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413 SIERRA MIKE BOULEVARD, Lake Alfred, FL 33850

3 beds • 2 baths • 1591 sqft

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This property looks like a bad Airbnb investment with a projected -20.98% first-year return on $74,133 initial cash invested.

-20.98%

Cash On Cash

0.57%

Cap Rate

0.09

DSCR

$1,168

Rent

-$1,296

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,168 income − $2,464 expenses = $1,296 out of pocket

Income$1,168Out of Pocket$1,296Mortgage P&I$1,376118%Property Taxes$38033%Insurance$948%HOA$535%Management$17515%CapEx$474%Maintenance$474%Other$29225%

Investment Breakdown

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Purchase Price

$267k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,133

Downpayment

20%

$53,460

Closing costs

1%

$2,673

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$1,168

Total Expenses

$2,464

Mortgage P&I

118%

$1,376

Property Taxes

33%

$380

Home Insurance

8%

$94

HOA

5%

$53

Property Management

15%

$175

CapEx

4%

$47

Vacancy

0%

$0

Maintenance

4%

$47

Other

25%

$292

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