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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 -4.75% first-year return on $141k initial cash invested.

-4.75%

Cash On Cash

5.3%

Cap Rate

0.9

DSCR

$6,475

Rent

-$557

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,475 income − $7,032 expenses = $557 out of pocket

Income$6,475Out of Pocket$557Mortgage P&I$2,87744%Property Taxes$84413%Insurance$2033%Management$97115%CapEx$2594%Maintenance$2594%Other$1,61925%

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

$6,475

Total Expenses

$7,032

Mortgage P&I

44%

$2,877

Property Taxes

13%

$844

Home Insurance

3%

$203

HOA

0%

$0

Property Management

15%

$971

CapEx

4%

$259

Vacancy

0%

$0

Maintenance

4%

$259

Other

25%

$1,619

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