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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 -21.4% first-year return on $470k initial cash invested.

-21.4%

Cash On Cash

1.56%

Cap Rate

0.26

DSCR

$6,987

Rent

-$8,374

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,987 income − $15,361 expenses = $8,374 out of pocket

Income$6,987Out of Pocket$8,374Mortgage P&I$10,888156%Property Taxes$1052%Insurance$1,01515%Management$1,04815%CapEx$2794%Maintenance$2794%Other$1,74725%

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

$6,987

Total Expenses

$15,361

Mortgage P&I

156%

$10,888

Property Taxes

2%

$105

Home Insurance

15%

$1,015

HOA

0%

$0

Property Management

15%

$1,048

CapEx

4%

$279

Vacancy

0%

$0

Maintenance

4%

$279

Other

25%

$1,747

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