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970 SW 3rd Avenue, Pompano Beach, FL 33060

3 beds • 2 baths • 1620 sqft

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This property looks like a bad Airbnb investment with a projected -5.14% first-year return on $141k initial cash invested.

-5.14%

Cash On Cash

5.2%

Cap Rate

0.88

DSCR

$6,387

Rent

-$602

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,387 income − $6,989 expenses = $602 out of pocket

Income$6,387Out of Pocket$602Mortgage P&I$2,87745%Property Taxes$84413%Insurance$2033%Management$95815%CapEx$2554%Maintenance$2554%Other$1,59725%

Investment Breakdown

|

Purchase Price

$584k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$141k

Downpayment

20%

$117k

Closing costs

1%

$5,837

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$6,387

Total Expenses

$6,989

Mortgage P&I

45%

$2,877

Property Taxes

13%

$844

Home Insurance

3%

$203

HOA

0%

$0

Property Management

15%

$958

CapEx

4%

$255

Vacancy

0%

$0

Maintenance

4%

$255

Other

25%

$1,597

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