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511 SE 9th Avenue, Pompano Beach, FL 33060

3 beds • 2 baths • 1770 sqft

$1,490,500

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This property looks like a bad Airbnb investment with a projected -19.96% first-year return on $331k initial cash invested.

-19.96%

Cash On Cash

1.81%

Cap Rate

0.3

DSCR

$7,153

Rent

-$5,505

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,153 income − $12,658 expenses = $5,505 out of pocket

Income$7,153Out of Pocket$5,505Mortgage P&I$7,472104%Property Taxes$1,19717%Insurance$5568%Management$1,07315%CapEx$2864%Maintenance$2864%Other$1,78825%

Investment Breakdown

|

Purchase Price

$1491k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$331k

Downpayment

20%

$298k

Closing costs

1%

$14,905

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$7,153

Total Expenses

$12,658

Mortgage P&I

104%

$7,472

Property Taxes

17%

$1,197

Home Insurance

8%

$556

HOA

0%

$0

Property Management

15%

$1,073

CapEx

4%

$286

Vacancy

0%

$0

Maintenance

4%

$286

Other

25%

$1,788

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