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8247 Residence Ct, Fernandina Beach, FL 32034

3 beds • 3 baths • 2342 sqft

$1,293,000

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This property looks like a bad Airbnb investment with a projected -14.15% first-year return on $290k initial cash invested.

-14.15%

Cash On Cash

3.12%

Cap Rate

0.52

DSCR

$9,098

Rent

-$3,414

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$9,098 income − $12,512 expenses = $3,414 out of pocket

Income$9,098Out of Pocket$3,414Mortgage P&I$6,41370%Property Taxes$5916%Insurance$4725%HOA$6697%Management$1,36515%CapEx$3644%Maintenance$3644%Other$2,27425%

Investment Breakdown

|

Purchase Price

$1293k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$290k

Downpayment

20%

$259k

Closing costs

1%

$12,930

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$9,098

Total Expenses

$12,512

Mortgage P&I

70%

$6,413

Property Taxes

7%

$591

Home Insurance

5%

$472

HOA

7%

$669

Property Management

15%

$1,365

CapEx

4%

$364

Vacancy

0%

$0

Maintenance

4%

$364

Other

25%

$2,274

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