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94 Bay Lake Dr, Ormond Beach, FL 32174

3 beds • 2 baths • 2014 sqft

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This property looks like a bad Airbnb investment with a projected -12.71% first-year return on $122k initial cash invested.

-12.71%

Cash On Cash

3.01%

Cap Rate

0.52

DSCR

$3,186

Rent

-$1,291

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$495k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$98,980

Closing costs

1%

$4,949

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,186

Total Expenses

$4,477

Mortgage P&I

76%

$2,407

Property Taxes

8%

$239

Home Insurance

6%

$182

HOA

4%

$121

Property Management

15%

$478

CapEx

4%

$127

Vacancy

0%

$0

Maintenance

4%

$127

Other

25%

$796

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