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2685 Riviera Drive, Delray Beach, FL 33445

2 beds • 3 baths • 2052 sqft

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This property looks like a bad Long-Term investment with a projected -14.37% first-year return on $105k initial cash invested.

-14.37%

Cash On Cash

3.21%

Cap Rate

0.56

DSCR

$3,720

Rent

-$1,253

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$498k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$99,660

Closing costs

1%

$4,983

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,720

Total Expenses

$4,973

Mortgage P&I

64%

$2,398

Property Taxes

19%

$703

Home Insurance

6%

$219

HOA

18%

$686

Property Management

10%

$372

CapEx

5%

$186

Vacancy

6%

$223

Maintenance

5%

$186

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

2925 Riviera Dr, Delray Beach, FL 33445

$6,500

2

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2

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2

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3

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4

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1.3 mi

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2

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0.9 mi

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$2,850

5

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0.6 mi

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$1,100

2

1

2020

0.9 mi

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$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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