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1350 W Terra Mar Drive, Pompano Beach, FL 33062

3 beds • 3 baths • 2977 sqft

$1,575,000

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This property looks like a bad Long-Term investment with a projected -13.7% first-year return on $331k initial cash invested.

-13.7%

Cash On Cash

3.65%

Cap Rate

0.59

DSCR

$7,920

Rent

-$3,775

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1575k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$331k

Downpayment

20%

$315k

Closing costs

1%

$15,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$7,920

Total Expenses

$11,695

Mortgage P&I

103%

$8,172

Property Taxes

12%

$913

Home Insurance

7%

$551

HOA

0%

$0

Property Management

10%

$792

CapEx

5%

$396

Vacancy

6%

$475

Maintenance

5%

$396

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

2461 Se 10th St, Pompano Beach, FL 33062

$9,900

3

3.5

2839

0.4 mi

1370 E Terra Mar Dr, Pompano Beach, FL 33062

$8,000

3

3

1981

0.1 mi

2612 Se 9th St, Pompano Beach, FL 33062

$6,500

3

3

1955

0.3 mi

2513 Se 12th St, Pompano Beach, FL 33062

$9,000

3

2.5

2217

0.5 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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