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707 NW 24TH Street, Wilton Manors, FL 33311

3 beds • 2 baths • 1523 sqft

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This property looks like a bad Airbnb investment with a projected -13.61% first-year return on $144k initial cash invested.

-13.61%

Cash On Cash

3.62%

Cap Rate

0.56

DSCR

$4,634

Rent

-$1,635

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,634 income − $6,269 expenses = $1,635 out of pocket

Income$4,634Out of Pocket$1,635Mortgage P&I$3,26470%Property Taxes$56612%Insurance$2165%Management$69515%CapEx$1854%Maintenance$1854%Other$1,15825%

Investment Breakdown

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Purchase Price

$601k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$6,007

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,634

Total Expenses

$6,269

Mortgage P&I

70%

$3,264

Property Taxes

12%

$566

Home Insurance

5%

$216

HOA

0%

$0

Property Management

15%

$695

CapEx

4%

$185

Vacancy

0%

$0

Maintenance

4%

$185

Other

25%

$1,158

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