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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 -19.6% first-year return on $156k initial cash invested.

-19.6%

Cash On Cash

1.49%

Cap Rate

0.25

DSCR

$2,520

Rent

-$2,543

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,520 income − $5,063 expenses = $2,543 out of pocket

Income$2,520Out of Pocket$2,543Mortgage P&I$3,254129%Property Taxes$35614%Insurance$24310%Management$37815%CapEx$1014%Maintenance$1014%Other$63025%

Investment Breakdown

|

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

$2,520

Total Expenses

$5,063

Mortgage P&I

129%

$3,254

Property Taxes

14%

$356

Home Insurance

10%

$243

HOA

0%

$0

Property Management

15%

$378

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$630

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