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709 NW PALM DRIVE, Lake City, FL 32055

3 beds • 2 baths • 1928 sqft

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This property looks like a bad Airbnb investment with a projected -1.85% first-year return on $60,966 initial cash invested.

-1.85%

Cash On Cash

6.82%

Cap Rate

1.02

DSCR

$2,794

Rent

-$94

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,794 income − $2,888 expenses = $94 out of pocket

Income$2,794Out of Pocket$94Mortgage P&I$1,14441%Property Taxes$34712%Insurance$562%Management$41915%CapEx$1124%Maintenance$1124%Other$69825%

Investment Breakdown

|

Purchase Price

$205k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,966

Downpayment

20%

$40,920

Closing costs

1%

$2,046

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,794

Total Expenses

$2,888

Mortgage P&I

41%

$1,144

Property Taxes

12%

$347

Home Insurance

2%

$56

HOA

0%

$0

Property Management

15%

$419

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$698

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