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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 -13.72% first-year return on $117k initial cash invested.

-13.72%

Cash On Cash

2.9%

Cap Rate

0.49

DSCR

$3,356

Rent

-$1,335

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,356 income − $4,691 expenses = $1,335 out of pocket

Income$3,356Out of Pocket$1,335Mortgage P&I$2,33970%Property Taxes$57017%Insurance$1725%Management$50315%CapEx$1344%Maintenance$1344%Other$83925%

Investment Breakdown

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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

$3,356

Total Expenses

$4,691

Mortgage P&I

70%

$2,339

Property Taxes

17%

$570

Home Insurance

5%

$172

HOA

0%

$0

Property Management

15%

$503

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$839

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