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520 NE 3RD Avenue, Delray Beach, FL 33444

3 beds • 3 baths • 1857 sqft

$1,418,900

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This property looks like a bad Airbnb investment with a projected -19.76% first-year return on $316k initial cash invested.

-19.76%

Cash On Cash

1.94%

Cap Rate

0.32

DSCR

$7,719

Rent

-$5,202

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,719 income − $12,921 expenses = $5,202 out of pocket

Income$7,719Out of Pocket$5,202Mortgage P&I$7,18293%Property Taxes$1,50820%Insurance$5257%Management$1,15815%CapEx$3094%Maintenance$3094%Other$1,93025%

Investment Breakdown

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Purchase Price

$1419k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$316k

Downpayment

20%

$284k

Closing costs

1%

$14,189

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$7,719

Total Expenses

$12,921

Mortgage P&I

93%

$7,182

Property Taxes

20%

$1,508

Home Insurance

7%

$525

HOA

0%

$0

Property Management

15%

$1,158

CapEx

4%

$309

Vacancy

0%

$0

Maintenance

4%

$309

Other

25%

$1,930

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