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9240 Marine Dr, Cutler Bay, FL 33189

3 beds • 2 baths • 1000 sqft

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This property looks like a bad Airbnb investment with a projected -12.7% first-year return on $142k initial cash invested.

-12.7%

Cash On Cash

3.07%

Cap Rate

0.53

DSCR

$4,006

Rent

-$1,500

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,006 income − $5,506 expenses = $1,500 out of pocket

Income$4,006Out of Pocket$1,500Mortgage P&I$2,84971%Property Taxes$52413%Insurance$2105%Management$60115%CapEx$1604%Maintenance$1604%Other$1,00225%

Investment Breakdown

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Purchase Price

$589k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$118k

Closing costs

1%

$5,890

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,006

Total Expenses

$5,506

Mortgage P&I

71%

$2,849

Property Taxes

13%

$524

Home Insurance

5%

$210

HOA

0%

$0

Property Management

15%

$601

CapEx

4%

$160

Vacancy

0%

$0

Maintenance

4%

$160

Other

25%

$1,002

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