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806 Minnesota Street, Lantana, FL 33462

3 beds • 3 baths • 2258 sqft

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This property looks like a bad Airbnb investment with a projected -10.86% first-year return on $119k initial cash invested.

-10.86%

Cash On Cash

3.86%

Cap Rate

0.63

DSCR

$4,247

Rent

-$1,081

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,247 income − $5,328 expenses = $1,081 out of pocket

Income$4,247Out of Pocket$1,081Mortgage P&I$2,46458%Property Taxes$65115%Insurance$1744%Management$63715%CapEx$1704%Maintenance$1704%Other$1,06225%

Investment Breakdown

|

Purchase Price

$483k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$96,640

Closing costs

1%

$4,832

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,247

Total Expenses

$5,328

Mortgage P&I

58%

$2,464

Property Taxes

15%

$651

Home Insurance

4%

$174

HOA

0%

$0

Property Management

15%

$637

CapEx

4%

$170

Vacancy

0%

$0

Maintenance

4%

$170

Other

25%

$1,062

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