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2197 NE 61st Court, Fort Lauderdale, FL 33308

3 beds • 2 baths • 1919 sqft

$1,047,300

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This property looks like a bad Airbnb investment with a projected -22.5% first-year return on $238k initial cash invested.

-22.5%

Cash On Cash

1.79%

Cap Rate

0.27

DSCR

$5,805

Rent

-$4,461

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,805 income − $10,266 expenses = $4,461 out of pocket

Income$5,805Out of Pocket$4,461Mortgage P&I$5,791100%Property Taxes$1,30622%Insurance$3837%Management$87115%CapEx$2324%Maintenance$2324%Other$1,45125%

Investment Breakdown

|

Purchase Price

$1047k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$238k

Downpayment

20%

$209k

Closing costs

1%

$10,473

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,805

Total Expenses

$10,266

Mortgage P&I

100%

$5,791

Property Taxes

23%

$1,306

Home Insurance

7%

$383

HOA

0%

$0

Property Management

15%

$871

CapEx

4%

$232

Vacancy

0%

$0

Maintenance

4%

$232

Other

25%

$1,451

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