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505 59TH STREET, Holmes Beach, FL 34217

3 beds • 3 baths • 3254 sqft

$2,150,400

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This property looks like a bad Airbnb investment with a projected -21.37% first-year return on $470k initial cash invested.

-21.37%

Cash On Cash

1.57%

Cap Rate

0.26

DSCR

$7,013

Rent

-$8,362

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,013 income − $15,375 expenses = $8,362 out of pocket

Income$7,013Out of Pocket$8,362Mortgage P&I$10,888155%Property Taxes$1051%Insurance$1,01514%Management$1,05215%CapEx$2814%Maintenance$2814%Other$1,75325%

Investment Breakdown

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Purchase Price

$2150k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$470k

Downpayment

20%

$430k

Closing costs

1%

$21,504

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$7,013

Total Expenses

$15,375

Mortgage P&I

155%

$10,888

Property Taxes

2%

$105

Home Insurance

14%

$1,015

HOA

0%

$0

Property Management

15%

$1,052

CapEx

4%

$281

Vacancy

0%

$0

Maintenance

4%

$281

Other

25%

$1,753

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