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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 -32.73% first-year return on $109k initial cash invested.

-32.73%

Cash On Cash

-1.87%

Cap Rate

-0.3

DSCR

$1,278

Rent

-$2,980

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,278 income − $4,258 expenses = $2,980 out of pocket

Income$1,278Out of Pocket$2,980Mortgage P&I$2,253176%Property Taxes$53642%Insurance$15612%HOA$69955%Management$19215%CapEx$514%Maintenance$514%Other$32025%

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

$1,278

Total Expenses

$4,258

Mortgage P&I

176%

$2,253

Property Taxes

42%

$536

Home Insurance

12%

$156

HOA

55%

$699

Property Management

15%

$192

CapEx

4%

$51

Vacancy

0%

$0

Maintenance

4%

$51

Other

25%

$320

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