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311 62ND STREET W, Bradenton, FL 34209

3 beds • 2 baths • 2134 sqft

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This property looks like a bad Airbnb investment with a projected -3.83% first-year return on $124k initial cash invested.

-3.83%

Cash On Cash

5.63%

Cap Rate

0.92

DSCR

$4,826

Rent

-$397

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,826 income − $5,223 expenses = $397 out of pocket

Income$4,826Out of Pocket$397Mortgage P&I$2,57953%Property Taxes$1413%Insurance$1874%Management$72415%CapEx$1934%Maintenance$1934%Other$1,20625%

Investment Breakdown

|

Purchase Price

$506k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,064

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,826

Total Expenses

$5,223

Mortgage P&I

53%

$2,579

Property Taxes

3%

$141

Home Insurance

4%

$187

HOA

0%

$0

Property Management

15%

$724

CapEx

4%

$193

Vacancy

0%

$0

Maintenance

4%

$193

Other

25%

$1,206

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Projection Charts

Investment Value YoY

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