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588 Tropicaire Ave SW, Palm Bay, FL 32908

3 beds • 2 baths • 1040 sqft

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This property looks like a bad Airbnb investment with a projected -9.93% first-year return on $68,295 initial cash invested.

-9.93%

Cash On Cash

4.02%

Cap Rate

0.62

DSCR

$1,902

Rent

-$565

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,902 income − $2,467 expenses = $565 out of pocket

Income$1,902Out of Pocket$565Mortgage P&I$1,29168%Property Taxes$1799%Insurance$844%Management$28515%CapEx$764%Maintenance$764%Other$47625%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,295

Downpayment

20%

$47,900

Closing costs

1%

$2,395

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,902

Total Expenses

$2,467

Mortgage P&I

68%

$1,291

Property Taxes

9%

$179

Home Insurance

4%

$84

HOA

0%

$0

Property Management

15%

$285

CapEx

4%

$76

Vacancy

0%

$0

Maintenance

4%

$76

Other

25%

$476

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