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517 71ST STREET, Holmes Beach, FL 34217

3 beds • 4 baths • 2259 sqft

$1,680,500

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This property looks like a bad Airbnb investment with a projected -18.78% first-year return on $371k initial cash invested.

-18.78%

Cash On Cash

2.78%

Cap Rate

0.42

DSCR

$9,001

Rent

-$5,806

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$9,001 income − $14,807 expenses = $5,806 out of pocket

Income$9,001Out of Pocket$5,806Mortgage P&I$9,343104%Property Taxes$6457%Insurance$4996%Management$1,35015%CapEx$3604%Maintenance$3604%Other$2,25025%

Investment Breakdown

|

Purchase Price

$1681k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$371k

Downpayment

20%

$336k

Closing costs

1%

$16,805

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$9,001

Total Expenses

$14,807

Mortgage P&I

104%

$9,343

Property Taxes

7%

$645

Home Insurance

6%

$499

HOA

0%

$0

Property Management

15%

$1,350

CapEx

4%

$360

Vacancy

0%

$0

Maintenance

4%

$360

Other

25%

$2,250

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