REI Lense

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2440 NW 31st Ave, Fort Lauderdale, FL 33311

3 beds • 2 baths • 988 sqft

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This property looks like a bad Airbnb investment with a projected -11.46% first-year return on $99,480 initial cash invested.

-11.46%

Cash On Cash

3.46%

Cap Rate

0.58

DSCR

$3,066

Rent

-$950

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$388k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,480

Downpayment

20%

$77,600

Closing costs

1%

$3,880

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,066

Total Expenses

$4,016

Mortgage P&I

63%

$1,946

Property Taxes

15%

$462

Home Insurance

4%

$136

HOA

0%

$0

Property Management

15%

$460

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$766

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