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721 Cardium St, Sanibel, FL 33957

3 beds • 3 baths • 1760 sqft

$1,290,700

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This property looks like a bad Airbnb investment with a projected -24.86% first-year return on $289k initial cash invested.

-24.86%

Cash On Cash

1.3%

Cap Rate

0.2

DSCR

$5,275

Rent

-$5,987

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,275 income − $11,262 expenses = $5,987 out of pocket

Income$5,275Out of Pocket$5,987Mortgage P&I$7,176136%Property Taxes$1,06620%Insurance$4889%Management$79115%CapEx$2114%Maintenance$2114%Other$1,31925%

Investment Breakdown

|

Purchase Price

$1291k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$289k

Downpayment

20%

$258k

Closing costs

1%

$12,907

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$5,275

Total Expenses

$11,262

Mortgage P&I

136%

$7,176

Property Taxes

20%

$1,066

Home Insurance

9%

$488

HOA

0%

$0

Property Management

15%

$791

CapEx

4%

$211

Vacancy

0%

$0

Maintenance

4%

$211

Other

25%

$1,319

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