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4548 29TH AVENUE CIRCLE E, Palmetto, FL 34221

3 beds • 2 baths • 1958 sqft

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This property looks like a bad Airbnb investment with a projected -15.98% first-year return on $124k initial cash invested.

-15.98%

Cash On Cash

2.43%

Cap Rate

0.4

DSCR

$2,759

Rent

-$1,657

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,759 income − $4,416 expenses = $1,657 out of pocket

Income$2,759Out of Pocket$1,657Mortgage P&I$2,57593%Property Taxes$2469%Insurance$1847%HOA$873%Management$41415%CapEx$1104%Maintenance$1104%Other$69025%

Investment Breakdown

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Purchase Price

$507k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,069

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,759

Total Expenses

$4,416

Mortgage P&I

93%

$2,575

Property Taxes

9%

$246

Home Insurance

7%

$184

HOA

3%

$87

Property Management

15%

$414

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$690

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