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2934 San Remo Way, Delray Beach, FL 33445

3 beds • 2 baths • 2221 sqft

$1,198,500

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This property looks like a bad Airbnb investment with a projected -16.85% first-year return on $270k initial cash invested.

-16.85%

Cash On Cash

2.57%

Cap Rate

0.42

DSCR

$6,748

Rent

-$3,786

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,748 income − $10,534 expenses = $3,786 out of pocket

Income$6,748Out of Pocket$3,786Mortgage P&I$6,07990%Property Taxes$66710%Insurance$4467%HOA$1032%Management$1,01215%CapEx$2704%Maintenance$2704%Other$1,68725%

Investment Breakdown

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Purchase Price

$1199k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$270k

Downpayment

20%

$240k

Closing costs

1%

$11,985

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,748

Total Expenses

$10,534

Mortgage P&I

90%

$6,079

Property Taxes

10%

$667

Home Insurance

7%

$446

HOA

2%

$103

Property Management

15%

$1,012

CapEx

4%

$270

Vacancy

0%

$0

Maintenance

4%

$270

Other

25%

$1,687

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