Page 9 - 1609 E River Dr Margate

Property Characteristics

FACTS & FEATURES INTERIOR FEATURES
Property Type Single Family Residential Number of Bedrooms 3
Days on Market 20 Number of Bathrooms 2
Year Built 1964
Price/sqft $222 HEATING AND COOLING
Parking 1 Heating Central Furnace (Electric)
Owner Occupied NO Cooling Ceiling Fan(s)

MLS ID F10298743

Listing provided courtesy of
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Aqua Realty Services/ Michelle Trolz
Rental Strategy

Rental Strategy Mortgage calculator
I
A
TRADITIONALRBNB
Cash Mortgage
COMPARABLE RENTAL INCOME $ 2,186 $ 5,028 Property Value/Price
MONTHLY EXPENSES $1,146 $2,354

CASH FLOW $1,040 $2,674 Property Price Valuation Custom Price
$425,000 $416,109 $ 425,000
CASH ON CASH RETURN 2.94% 7.55%

CAP RATE 2.94% 7.55% Down Payment Loan Amount

$106,250 $ % $318,750
OCCUPANCY RATE % Days 93 79

Mortgage Type
Fixed Rate Mortgage
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Expenses Loan Term
30 Years Fixed
ONE TIME STARTUP COSTS MONTHLY EXPENSES TRADITIONAL AIRBNB
Interest Rate
INSPECTIONS $ 500 INSURANCE $ 91 $ 91 2.74

TOTAL REPAIR COSTS $ 3500 UTILITIES $ 0 $ 170
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PROP.
FURNITURE & APPLIANCES $ 1000 MANAGEMENT $ 219 $ 1257
PROP.
CLOSING COSTS $ 3000 MAINTENANCE $ 354 $ 354

ADD CUSTOM EXPENSE PROP. TAX $ 482 $ 482

HOA DUES $ 0 $ 0
TOTAL $ 8000
RENTAL
INCOME TAXES $ 0 $ 0
CLEANING.
FEES $ 0 $ 0