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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 -4.27% first-year return on $101k initial cash invested.

-4.27%

Cash On Cash

5.4%

Cap Rate

0.9

DSCR

$3,822

Rent

-$359

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,822 income − $4,181 expenses = $359 out of pocket

Income$3,822Out of Pocket$359Mortgage P&I$1,98252%Property Taxes$2266%Insurance$1384%Management$57315%CapEx$1534%Maintenance$1534%Other$95625%

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

$3,822

Total Expenses

$4,181

Mortgage P&I

52%

$1,982

Property Taxes

6%

$226

Home Insurance

4%

$138

HOA

0%

$0

Property Management

15%

$573

CapEx

4%

$153

Vacancy

0%

$0

Maintenance

4%

$153

Other

25%

$956

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