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4408 Groveland Ave, Sarasota, FL 34231

3 beds • 2 baths • 1444 sqft

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This property looks like a bad Airbnb investment with a projected -3.6% first-year return on $94,083 initial cash invested.

-3.6%

Cash On Cash

5.49%

Cap Rate

0.92

DSCR

$3,344

Rent

-$282

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,344 income − $3,626 expenses = $282 out of pocket

Income$3,344Out of Pocket$282Mortgage P&I$1,80554%Property Taxes$682%Insurance$1474%Management$50215%CapEx$1344%Maintenance$1344%Other$83625%

Investment Breakdown

|

Purchase Price

$362k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,083

Downpayment

20%

$72,460

Closing costs

1%

$3,623

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,344

Total Expenses

$3,626

Mortgage P&I

54%

$1,805

Property Taxes

2%

$68

Home Insurance

4%

$147

HOA

0%

$0

Property Management

15%

$502

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$836

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