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7101 62nd Way N, Pinellas Park, FL 33781

3 beds • 2 baths • 1296 sqft

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This property looks like a bad Airbnb investment with a projected -3.86% first-year return on $101k initial cash invested.

-3.86%

Cash On Cash

5.5%

Cap Rate

0.91

DSCR

$3,885

Rent

-$325

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,885 income − $4,210 expenses = $325 out of pocket

Income$3,885Out of Pocket$325Mortgage P&I$1,98251%Property Taxes$2266%Insurance$1384%Management$58315%CapEx$1554%Maintenance$1554%Other$97125%

Investment Breakdown

|

Purchase Price

$395k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,000

Closing costs

1%

$3,950

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,885

Total Expenses

$4,210

Mortgage P&I

51%

$1,982

Property Taxes

6%

$226

Home Insurance

4%

$138

HOA

0%

$0

Property Management

15%

$583

CapEx

4%

$155

Vacancy

0%

$0

Maintenance

4%

$155

Other

25%

$971

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