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6289 Leonard Ave, Cocoa, FL 32927

3 beds • 2 baths • 1212 sqft

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This property looks like a bad Airbnb investment with a projected -5.94% first-year return on $91,710 initial cash invested.

-5.94%

Cash On Cash

4.96%

Cap Rate

0.82

DSCR

$3,348

Rent

-$454

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,348 income − $3,802 expenses = $454 out of pocket

Income$3,348Out of Pocket$454Mortgage P&I$1,77153%Property Taxes$2989%Insurance$1264%Management$50215%CapEx$1344%Maintenance$1344%Other$83725%

Investment Breakdown

|

Purchase Price

$351k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,710

Downpayment

20%

$70,200

Closing costs

1%

$3,510

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,348

Total Expenses

$3,802

Mortgage P&I

53%

$1,771

Property Taxes

9%

$298

Home Insurance

4%

$126

HOA

0%

$0

Property Management

15%

$502

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$837

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