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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 -28.64% first-year return on $336k initial cash invested.

-28.64%

Cash On Cash

-0.2%

Cap Rate

-0.03

DSCR

$2,616

Rent

-$8,016

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,616 income − $10,632 expenses = $8,016 out of pocket

Income$2,616Out of Pocket$8,016Mortgage P&I$7,659293%Property Taxes$77029%Insurance$56722%HOA$38015%Management$39215%CapEx$1054%Maintenance$1054%Other$65425%

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

$2,616

Total Expenses

$10,632

Mortgage P&I

293%

$7,659

Property Taxes

29%

$770

Home Insurance

22%

$567

HOA

15%

$380

Property Management

15%

$392

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$654

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