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510 NE 8th Street, Pompano Beach, FL 33060

3 beds • 2 baths • 1292 sqft

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This property looks like a bad Airbnb investment with a projected -9.31% first-year return on $140k initial cash invested.

-9.31%

Cash On Cash

4.1%

Cap Rate

0.69

DSCR

$4,565

Rent

-$1,087

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,565 income − $5,652 expenses = $1,087 out of pocket

Income$4,565Out of Pocket$1,087Mortgage P&I$2,88963%Property Taxes$3618%Insurance$2105%Management$68515%CapEx$1834%Maintenance$1834%Other$1,14125%

Investment Breakdown

|

Purchase Price

$582k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$116k

Closing costs

1%

$5,816

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,565

Total Expenses

$5,652

Mortgage P&I

63%

$2,889

Property Taxes

8%

$361

Home Insurance

5%

$210

HOA

0%

$0

Property Management

15%

$685

CapEx

4%

$183

Vacancy

0%

$0

Maintenance

4%

$183

Other

25%

$1,141

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