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249 NE 15th Street, Delray Beach, FL 33444

3 beds • 2 baths • 1761 sqft

$1,066,300

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This property looks like a bad Airbnb investment with a projected -18.12% first-year return on $242k initial cash invested.

-18.12%

Cash On Cash

2.18%

Cap Rate

0.36

DSCR

$6,936

Rent

-$3,653

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,936 income − $10,589 expenses = $3,653 out of pocket

Income$6,936Out of Pocket$3,653Mortgage P&I$5,31077%Property Taxes$1,44321%Insurance$5087%Management$1,04015%CapEx$2774%Maintenance$2774%Other$1,73425%

Investment Breakdown

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Purchase Price

$1066k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$242k

Downpayment

20%

$213k

Closing costs

1%

$10,663

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,936

Total Expenses

$10,589

Mortgage P&I

77%

$5,310

Property Taxes

21%

$1,443

Home Insurance

7%

$508

HOA

0%

$0

Property Management

15%

$1,040

CapEx

4%

$277

Vacancy

0%

$0

Maintenance

4%

$277

Other

25%

$1,734

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