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3404 62nd St E, Bradenton, FL 34208

3 beds • 3 baths • 2400 sqft

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This property looks like a bad Airbnb investment with a projected -18.38% first-year return on $156k initial cash invested.

-18.38%

Cash On Cash

1.8%

Cap Rate

0.3

DSCR

$2,823

Rent

-$2,385

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,823 income − $5,208 expenses = $2,385 out of pocket

Income$2,823Out of Pocket$2,385Mortgage P&I$3,254115%Property Taxes$35613%Insurance$2439%Management$42315%CapEx$1134%Maintenance$1134%Other$70625%

Investment Breakdown

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Purchase Price

$656k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$156k

Downpayment

20%

$131k

Closing costs

1%

$6,558

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,823

Total Expenses

$5,208

Mortgage P&I

115%

$3,254

Property Taxes

13%

$356

Home Insurance

9%

$243

HOA

0%

$0

Property Management

15%

$423

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$706

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