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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 -12.5% first-year return on $290k initial cash invested.

-12.5%

Cash On Cash

3.52%

Cap Rate

0.59

DSCR

$9,861

Rent

-$3,016

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$9,861 income − $12,877 expenses = $3,016 out of pocket

Income$9,861Out of Pocket$3,016Mortgage P&I$6,41365%Property Taxes$5916%Insurance$4725%HOA$6697%Management$1,47915%CapEx$3944%Maintenance$3944%Other$2,46525%

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

$9,861

Total Expenses

$12,877

Mortgage P&I

65%

$6,413

Property Taxes

6%

$591

Home Insurance

5%

$472

HOA

7%

$669

Property Management

15%

$1,479

CapEx

4%

$394

Vacancy

0%

$0

Maintenance

4%

$394

Other

25%

$2,465

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