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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 -23.11% first-year return on $242k initial cash invested.

-23.11%

Cash On Cash

0.96%

Cap Rate

0.16

DSCR

$5,002

Rent

-$4,659

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,002 income − $9,661 expenses = $4,659 out of pocket

Income$5,002Out of Pocket$4,659Mortgage P&I$5,310106%Property Taxes$1,44329%Insurance$50810%Management$75015%CapEx$2004%Maintenance$2004%Other$1,25025%

Investment Breakdown

|

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

$5,002

Total Expenses

$9,661

Mortgage P&I

106%

$5,310

Property Taxes

29%

$1,443

Home Insurance

10%

$508

HOA

0%

$0

Property Management

15%

$750

CapEx

4%

$200

Vacancy

0%

$0

Maintenance

4%

$200

Other

25%

$1,250

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