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Hollywood Hills 6-22 B
Short-Term Rental Yield Analysis

Hollywood Hills 6-22 B

5311 Pierce Street, Hollywood FL 33021 · 3 Bed / 2 Bath · 1,584 sq ft · Built 1963
$670,000GardenSingle-familyPool
Prepared for Eran TagorProfessionally-managed STR
Purchase price
$670,000
$423 / sq ft
Lot
6649 sf
single-family, no HOA
Property tax
$13,560/yr
~2.0% of price
Cap rate (base)
8.7%
unlevered, honest
Hollywood Hills 6-22 BHollywood Hills 6-22 BHollywood Hills 6-22 BHollywood Hills 6-22 B

The revenue basis

STR revenue here is the AirDNA Rentalizer, refined comp set, read 10 Sep 2026, uplifted 20% to the level Property Management Brickell achieves on its own managed units — a market benchmark, not a unit-specific promise. Most units land below the zone median; the scenarios below bracket the range and the base case is deliberately mid-range.

STR revenue basis (AirDNA Rentalizer, refined comp set, read 10 Sep 2026, uplifted 20% to the level Property Management Brickell achieves on its own managed units)
Occupancy75%
Average daily rate$434
Gross annual revenue — base case$118,000

Annual pro-forma — base case

Professionally-managed short-term rental. Base revenue $118,000.

Gross STR revenue$118,000
Professional STR management (20%)−$23,600
Property tax−$13,560
Insurance (single-family, STR)−$2,000
Cleaning (guest-paid, pass-through)−$13,100
Utilities + pool + lawn + internet−$2,640
Supplies, turnover, reserves (~4%)−$4,720
Net operating income (NOI)$58,380

Unlevered cap rate = $58,380 ÷ $670,000 = 8.7%.

Cash vs financed

The same $58,380 NOI, two ways to own it.

All cash

Cash in (price + ~3% closing)$690,100
Net operating income+$58,380
Cash yield≈ 8.5%

25% down, financed

Cash in (down + closing)$187,600
NOI − debt ($502,500 @ 7.25%)+$17,245/yr
+ principal paydown yr 1+$4,704
Monthly cash flow≈ +$1,437/mo

Three revenue scenarios

Same $670,000. Only the STR revenue assumption changes (cap = NOI ÷ price).

Conservative
$105,020
cap 7.2%
★ Base
$118,000
cap 8.7%
Optimistic
$121,540
cap 9.1%
GrossNOI Conservative$105k Base$118k Optimistic$121k Gross STR revenue Net operating income

Next step

Model your exact numbers

I'll walk you through STR set-up, financing options, and run the live numbers for this unit.

Assumptions & disclosures

Revenue from AirDNA Rentalizer, refined comp set, read 10 Sep 2026, uplifted 20% to the level Property Management Brickell achieves on its own managed units. Cap rates are honest, unlevered NOI ÷ price (7.2% / 8.7% / 9.1%). 25%-down case uses a $502,500 mortgage (75% LTV, 7.25%, 30-yr); rates vary by lender.
  • Florida short-term-rental taxes (~13%) — Miami-Dade tourist + state sales tax — are collected from the guest and remitted; not an owner expense above but filed on every stay.
  • No appreciation assumed in the yield figures. Not tax or lending advice — verify with your CPA and lender.