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3200 NE 59th Street, Fort Lauderdale, FL 33308

3 beds • 3 baths • 2163 sqft

$1,733,100

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This property looks like a bad Airbnb investment with a projected -22.99% first-year return on $382k initial cash invested.

-22.99%

Cash On Cash

1.25%

Cap Rate

0.2

DSCR

$6,413

Rent

-$7,316

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,413 income − $13,729 expenses = $7,316 out of pocket

Income$6,413Out of Pocket$7,316Mortgage P&I$8,866138%Property Taxes$1,08417%Insurance$70011%Management$96215%CapEx$2574%Maintenance$2574%Other$1,60325%

Investment Breakdown

|

Purchase Price

$1733k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$382k

Downpayment

20%

$347k

Closing costs

1%

$17,331

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$6,413

Total Expenses

$13,729

Mortgage P&I

138%

$8,866

Property Taxes

17%

$1,084

Home Insurance

11%

$700

HOA

0%

$0

Property Management

15%

$962

CapEx

4%

$257

Vacancy

0%

$0

Maintenance

4%

$257

Other

25%

$1,603

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