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624 Tortoise Way, Satellite Beach, FL 32937

3 beds • 3 baths • 3483 sqft

$1,513,600

View on Zillow
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This property looks like a bad Airbnb investment with a projected -28.93% first-year return on $336k initial cash invested.

-28.93%

Cash On Cash

-0.27%

Cap Rate

-0.04

DSCR

$2,457

Rent

-$8,098

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,457 income − $10,555 expenses = $8,098 out of pocket

Income$2,457Out of Pocket$8,098Mortgage P&I$7,659312%Property Taxes$77031%Insurance$56723%HOA$38015%Management$36915%CapEx$984%Maintenance$984%Other$61425%

Investment Breakdown

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Purchase Price

$1514k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$336k

Downpayment

20%

$303k

Closing costs

1%

$15,136

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$2,457

Total Expenses

$10,555

Mortgage P&I

312%

$7,659

Property Taxes

31%

$770

Home Insurance

23%

$567

HOA

15%

$380

Property Management

15%

$369

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$614

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