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2630 Marion Drive, Fort Lauderdale, FL 33316

3 beds • 2 baths • 1866 sqft

$1,829,000

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This property looks like a bad Airbnb investment with a projected -28.42% first-year return on $402k initial cash invested.

-28.42%

Cash On Cash

0.55%

Cap Rate

0.08

DSCR

$6,006

Rent

-$9,522

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,006 income − $15,528 expenses = $9,522 out of pocket

Income$6,006Out of Pocket$9,522Mortgage P&I$10,114168%Property Taxes$1,58826%Insurance$94316%Management$90115%CapEx$2404%Maintenance$2404%Other$1,50225%

Investment Breakdown

|

Purchase Price

$1829k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$402k

Downpayment

20%

$366k

Closing costs

1%

$18,290

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$6,006

Total Expenses

$15,528

Mortgage P&I

168%

$10,114

Property Taxes

26%

$1,588

Home Insurance

16%

$943

HOA

0%

$0

Property Management

15%

$901

CapEx

4%

$240

Vacancy

0%

$0

Maintenance

4%

$240

Other

25%

$1,502

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