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2601 NE 8TH Street, Fort Lauderdale, FL 33304

3 beds • 3 baths • 2064 sqft

$2,006,700

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This property looks like a bad Airbnb investment with a projected -25.43% first-year return on $439k initial cash invested.

-25.43%

Cash On Cash

0.71%

Cap Rate

0.12

DSCR

$6,758

Rent

-$9,312

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,758 income − $16,070 expenses = $9,312 out of pocket

Income$6,758Out of Pocket$9,312Mortgage P&I$10,232151%Property Taxes$1,84227%Insurance$75211%Management$1,01415%CapEx$2704%Maintenance$2704%Other$1,69025%

Investment Breakdown

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Purchase Price

$2007k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$439k

Downpayment

20%

$401k

Closing costs

1%

$20,067

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$6,758

Total Expenses

$16,070

Mortgage P&I

151%

$10,232

Property Taxes

27%

$1,842

Home Insurance

11%

$752

HOA

0%

$0

Property Management

15%

$1,014

CapEx

4%

$270

Vacancy

0%

$0

Maintenance

4%

$270

Other

25%

$1,690

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