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8 Gale Ln, Ormond Beach, FL 32174

3 beds • 2 baths • 2113 sqft

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This property looks like a bad Airbnb investment with a projected -15.16% first-year return on $129k initial cash invested.

-15.16%

Cash On Cash

2.36%

Cap Rate

0.41

DSCR

$2,794

Rent

-$1,633

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$530k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$106k

Closing costs

1%

$5,300

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,794

Total Expenses

$4,427

Mortgage P&I

92%

$2,562

Property Taxes

8%

$217

Home Insurance

7%

$186

HOA

4%

$121

Property Management

15%

$419

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$698

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