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497 Grandview Ave, Ormond Beach, FL 32176

3 beds • 2 baths • 1590 sqft

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This property looks like a bad Airbnb investment with a projected -13.52% first-year return on $104k initial cash invested.

-13.52%

Cash On Cash

2.87%

Cap Rate

0.48

DSCR

$2,739

Rent

-$1,176

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,739 income − $3,915 expenses = $1,176 out of pocket

Income$2,739Out of Pocket$1,176Mortgage P&I$2,05075%Property Taxes$40015%Insurance$1495%Management$41115%CapEx$1104%Maintenance$1104%Other$68525%

Investment Breakdown

|

Purchase Price

$411k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,260

Closing costs

1%

$4,113

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,739

Total Expenses

$3,915

Mortgage P&I

75%

$2,050

Property Taxes

15%

$400

Home Insurance

5%

$149

HOA

0%

$0

Property Management

15%

$411

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$685

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