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4576 Turnberry Ln, Lake Wales, FL 33859

3 beds • 2 baths • 1814 sqft

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This property might be a fair Airbnb investment with a projected 0.57% first-year return on $77,598 initial cash invested.

0.57%

Cash On Cash

6.72%

Cap Rate

1.14

DSCR

$4,006

Rent

$37

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,006 income − $3,969 expenses = $37 cash flow

Income$4,006Mortgage P&I$1,39235%Property Taxes$54714%Insurance$1023%HOA$5Management$60115%CapEx$1604%Maintenance$1604%Other$1,00225%Cash Flow$37

Investment Breakdown

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Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,598

Downpayment

20%

$56,760

Closing costs

1%

$2,838

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$4,006

Total Expenses

$3,969

Mortgage P&I

35%

$1,392

Property Taxes

14%

$547

Home Insurance

3%

$102

HOA

0%

$5

Property Management

15%

$601

CapEx

4%

$160

Vacancy

0%

$0

Maintenance

4%

$160

Other

25%

$1,002

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