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6230 Cedar St NE, Saint Petersburg, FL 33702

3 beds • 2 baths • 1539 sqft

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This property looks like a bad Airbnb investment with a projected -14.42% first-year return on $117k initial cash invested.

-14.42%

Cash On Cash

2.71%

Cap Rate

0.45

DSCR

$3,225

Rent

-$1,404

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,225 income − $4,629 expenses = $1,404 out of pocket

Income$3,225Out of Pocket$1,404Mortgage P&I$2,33973%Property Taxes$57018%Insurance$1725%Management$48415%CapEx$1294%Maintenance$1294%Other$80625%

Investment Breakdown

|

Purchase Price

$471k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,100

Closing costs

1%

$4,705

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,225

Total Expenses

$4,629

Mortgage P&I

73%

$2,339

Property Taxes

18%

$570

Home Insurance

5%

$172

HOA

0%

$0

Property Management

15%

$484

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$806

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