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3300 62nd St N, Saint Petersburg, FL 33710

3 beds • 2 baths • 1345 sqft

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This property looks like a bad Airbnb investment with a projected -8.38% first-year return on $105k initial cash invested.

-8.38%

Cash On Cash

4.27%

Cap Rate

0.71

DSCR

$3,249

Rent

-$736

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,249 income − $3,985 expenses = $736 out of pocket

Income$3,249Out of Pocket$736Mortgage P&I$2,08564%Property Taxes$1916%Insurance$1505%Management$48715%CapEx$1304%Maintenance$1304%Other$81225%

Investment Breakdown

|

Purchase Price

$416k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$83,220

Closing costs

1%

$4,161

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,249

Total Expenses

$3,985

Mortgage P&I

64%

$2,085

Property Taxes

6%

$191

Home Insurance

5%

$150

HOA

0%

$0

Property Management

15%

$487

CapEx

4%

$130

Vacancy

0%

$0

Maintenance

4%

$130

Other

25%

$812

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