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500 SW 62ND Avenue, Fort Lauderdale, FL 33317

3 beds • 3 baths • 2140 sqft

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This property looks like a bad Airbnb investment with a projected -14.74% first-year return on $180k initial cash invested.

-14.74%

Cash On Cash

3.46%

Cap Rate

0.53

DSCR

$6,078

Rent

-$2,209

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,078 income − $8,287 expenses = $2,209 out of pocket

Income$6,078Out of Pocket$2,209Mortgage P&I$4,18669%Property Taxes$90515%Insurance$2785%Management$91215%CapEx$2434%Maintenance$2434%Other$1,52025%

Investment Breakdown

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Purchase Price

$771k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$180k

Downpayment

20%

$154k

Closing costs

1%

$7,705

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,078

Total Expenses

$8,287

Mortgage P&I

69%

$4,186

Property Taxes

15%

$905

Home Insurance

5%

$278

HOA

0%

$0

Property Management

15%

$912

CapEx

4%

$243

Vacancy

0%

$0

Maintenance

4%

$243

Other

25%

$1,520

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