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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 -15.37% first-year return on $270k initial cash invested.

-15.37%

Cash On Cash

2.92%

Cap Rate

0.48

DSCR

$7,384

Rent

-$3,455

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,384 income − $10,839 expenses = $3,455 out of pocket

Income$7,384Out of Pocket$3,455Mortgage P&I$6,07982%Property Taxes$6679%Insurance$4466%HOA$1031%Management$1,10815%CapEx$2954%Maintenance$2954%Other$1,84625%

Investment Breakdown

|

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

$7,384

Total Expenses

$10,839

Mortgage P&I

82%

$6,079

Property Taxes

9%

$667

Home Insurance

6%

$446

HOA

1%

$103

Property Management

15%

$1,108

CapEx

4%

$295

Vacancy

0%

$0

Maintenance

4%

$295

Other

25%

$1,846

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