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3481 NE 18th Avenue, Oakland Park, FL 33306

3 beds • 2 baths • 1747 sqft

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This property looks like a bad Airbnb investment with a projected -15.12% first-year return on $195k initial cash invested.

-15.12%

Cash On Cash

2.8%

Cap Rate

0.47

DSCR

$5,971

Rent

-$2,462

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,971 income − $8,433 expenses = $2,462 out of pocket

Income$5,971Out of Pocket$2,462Mortgage P&I$4,19170%Property Taxes$93716%Insurance$4387%Management$89615%CapEx$2394%Maintenance$2394%Other$1,49325%

Investment Breakdown

|

Purchase Price

$845k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$195k

Downpayment

20%

$169k

Closing costs

1%

$8,449

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,971

Total Expenses

$8,433

Mortgage P&I

70%

$4,191

Property Taxes

16%

$937

Home Insurance

7%

$438

HOA

0%

$0

Property Management

15%

$896

CapEx

4%

$239

Vacancy

0%

$0

Maintenance

4%

$239

Other

25%

$1,493

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