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9974 Horse Creek Rd, Fort Myers, FL 33913

3 beds • 2 baths • 1515 sqft

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This property looks like a bad Airbnb investment with a projected -32.35% first-year return on $109k initial cash invested.

-32.35%

Cash On Cash

-1.76%

Cap Rate

-0.28

DSCR

$1,343

Rent

-$2,946

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,343 income − $4,289 expenses = $2,946 out of pocket

Income$1,343Out of Pocket$2,946Mortgage P&I$2,253168%Property Taxes$53640%Insurance$15612%HOA$69952%Management$20115%CapEx$544%Maintenance$544%Other$33625%

Investment Breakdown

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Purchase Price

$435k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,920

Closing costs

1%

$4,346

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,343

Total Expenses

$4,289

Mortgage P&I

168%

$2,253

Property Taxes

40%

$536

Home Insurance

12%

$156

HOA

52%

$699

Property Management

15%

$201

CapEx

4%

$54

Vacancy

0%

$0

Maintenance

4%

$54

Other

25%

$336

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