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$8,667 (target)

144 8TH AVENUE N, Saint Petersburg, FL 33701

3 beds • 3 baths • 1950 sqft

$1,041,400

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This property looks like a bad Mid-Term investment with a projected -7.01% first-year return on $237k initial cash invested.

-7.01%

Cash On Cash

4.96%

Cap Rate

0.81

DSCR

$8,667

Rent

-$1,383

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$8,667 income − $10,050 expenses = $1,383 out of pocket

Income$8,667Out of Pocket$1,383Mortgage P&I$5,33962%Property Taxes$1,37916%Insurance$3854%Management$1,04012%CapEx$3474%Vacancy$2603%Maintenance$3474%Other$95311%

Investment Breakdown

|

Purchase Price

$1041k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$237k

Downpayment

20%

$208k

Closing costs

1%

$10,414

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$8,667

Total Expenses

$10,050

Mortgage P&I

62%

$5,339

Property Taxes

16%

$1,379

Home Insurance

4%

$385

HOA

0%

$0

Property Management

12%

$1,040

CapEx

4%

$347

Vacancy

3%

$260

Maintenance

4%

$347

Other

11%

$953

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