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933 Banyan Drive, Delray Beach, FL 33483

3 beds • 4 baths • 1758 sqft

$2,554,700

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This property looks like a bad Airbnb investment with a projected -17.19% first-year return on $554k initial cash invested.

-17.19%

Cash On Cash

2.68%

Cap Rate

0.44

DSCR

$17,096

Rent

-$7,942

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$17,096 income − $25,038 expenses = $7,942 out of pocket

Income$17,096Out of Pocket$7,942Mortgage P&I$12,97276%Property Taxes$2,89817%Insurance$9626%Management$2,56415%CapEx$6844%Maintenance$6844%Other$4,27425%

Investment Breakdown

|

Purchase Price

$2555k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$554k

Downpayment

20%

$511k

Closing costs

1%

$25,547

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$17,096

Total Expenses

$25,038

Mortgage P&I

76%

$12,972

Property Taxes

17%

$2,898

Home Insurance

6%

$962

HOA

0%

$0

Property Management

15%

$2,564

CapEx

4%

$684

Vacancy

0%

$0

Maintenance

4%

$684

Other

25%

$4,274

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