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6304 18th Ave E, Bradenton, FL 34208

3 beds • 3 baths • 1962 sqft

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This property looks like a bad Airbnb investment with a projected -14.99% first-year return on $160k initial cash invested.

-14.99%

Cash On Cash

2.64%

Cap Rate

0.44

DSCR

$3,406

Rent

-$1,996

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,406 income − $5,402 expenses = $1,996 out of pocket

Income$3,406Out of Pocket$1,996Mortgage P&I$3,34698%Property Taxes$1855%Insurance$2367%Management$51115%CapEx$1364%Maintenance$1364%Other$85225%

Investment Breakdown

|

Purchase Price

$675k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$160k

Downpayment

20%

$135k

Closing costs

1%

$6,750

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,406

Total Expenses

$5,402

Mortgage P&I

98%

$3,346

Property Taxes

5%

$185

Home Insurance

7%

$236

HOA

0%

$0

Property Management

15%

$511

CapEx

4%

$136

Vacancy

0%

$0

Maintenance

4%

$136

Other

25%

$852

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