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4576 Turnberry Ln, Lake Wales, FL 33859

3 beds • 2 baths • 1814 sqft

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This property looks like a bad Airbnb investment with a projected -8.26% first-year return on $77,598 initial cash invested.

-8.26%

Cash On Cash

4.12%

Cap Rate

0.7

DSCR

$2,906

Rent

-$534

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,906 income − $3,440 expenses = $534 out of pocket

Income$2,906Out of Pocket$534Mortgage P&I$1,39248%Property Taxes$54719%Insurance$1024%HOA$5Management$43615%CapEx$1164%Maintenance$1164%Other$72625%

Investment Breakdown

|

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

$2,906

Total Expenses

$3,440

Mortgage P&I

48%

$1,392

Property Taxes

19%

$547

Home Insurance

4%

$102

HOA

0%

$5

Property Management

15%

$436

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$726

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