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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 -10.52% first-year return on $68,295 initial cash invested.

-10.52%

Cash On Cash

3.83%

Cap Rate

0.59

DSCR

$1,834

Rent

-$599

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,834 income − $2,433 expenses = $599 out of pocket

Income$1,834Out of Pocket$599Mortgage P&I$1,29170%Property Taxes$17910%Insurance$845%Management$27515%CapEx$734%Maintenance$734%Other$45825%

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

$1,834

Total Expenses

$2,433

Mortgage P&I

70%

$1,291

Property Taxes

10%

$179

Home Insurance

5%

$84

HOA

0%

$0

Property Management

15%

$275

CapEx

4%

$73

Vacancy

0%

$0

Maintenance

4%

$73

Other

25%

$458

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