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3316 Tampa Ave, Cleveland, OH 44109

6 beds • 2 baths • 2400 sqft • 2 units

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This property could be a profitable Airbnb investment with a projected 21.3% first-year return on $80,100 initial cash invested.

21.3%

Cash On Cash

15.83%

Cap Rate

2.47

DSCR

$5,656

Rent

$1,422

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,656 income − $4,234 expenses = $1,422 cash flow

Income$5,656Mortgage P&I$1,12220%Property Taxes$3246%Insurance$741%Management$84815%CapEx$2264%Maintenance$2264%Other$1,41425%Cash Flow$1,422

Investment Breakdown

|

Purchase Price

$210k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,100

Downpayment

20%

$42,000

Closing costs

1%

$2,100

Rehab

0%

$0

Furnishing

17%

$36,000

Cashflow

Total Income

$5,656

Total Expenses

$4,234

Mortgage P&I

20%

$1,122

Property Taxes

6%

$324

Home Insurance

1%

$74

HOA

0%

$0

Property Management

15%

$848

CapEx

4%

$226

Vacancy

0%

$0

Maintenance

4%

$226

Other

25%

$1,414

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