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513 6th Avenue S, Lake Worth, FL 33460

3 beds • 2 baths • 1110 sqft

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This property looks like a bad Airbnb investment with a projected -7.11% first-year return on $108k initial cash invested.

-7.11%

Cash On Cash

4.63%

Cap Rate

0.78

DSCR

$4,533

Rent

-$642

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,533 income − $5,175 expenses = $642 out of pocket

Income$4,533Out of Pocket$642Mortgage P&I$2,12047%Property Taxes$72316%Insurance$1573%Management$68015%CapEx$1814%Maintenance$1814%Other$1,13325%

Investment Breakdown

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Purchase Price

$430k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$86,080

Closing costs

1%

$4,304

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,533

Total Expenses

$5,175

Mortgage P&I

47%

$2,120

Property Taxes

16%

$723

Home Insurance

3%

$157

HOA

0%

$0

Property Management

15%

$680

CapEx

4%

$181

Vacancy

0%

$0

Maintenance

4%

$181

Other

25%

$1,133

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