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HOLLYWOOD HILLS
Short-Term Rental Yield Analysis

HOLLYWOOD HILLS

5501 MONROE Street, Hollywood FL 33021 · 3 Bed / 2 Bath · 2,275 sq ft · Built 1965
$699,900GardenSingle-familyPool
Prepared for Eran TagorProfessionally-managed STR
Purchase price
$699,900
$308 / sq ft
Lot
10134 sf
single-family, no HOA
Property tax (est.)
$13,998/yr
est. post-sale reassessment @ 2%
Cap rate (base)
5.1%
unlevered, honest
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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)
Occupancy72%
Average daily rate$336
Gross annual revenue — base case$88,800

Annual pro-forma — base case

Professionally-managed short-term rental. Base revenue $88,800.

Gross STR revenue$88,800
Professional STR management (20%)−$17,760
Property tax (est., see below)−$13,998
Insurance (single-family, STR)−$2,000
Cleaning (guest-paid, pass-through)−$13,306
Utilities + pool + lawn + internet−$2,640
Supplies, turnover, reserves (~4%)−$3,552
Net operating income (NOI)$35,544

Unlevered cap rate = $35,544 ÷ $699,900 = 5.1%.

Cash vs financed

The same $35,544 NOI, two ways to own it.

All cash

Cash in (price + ~3% closing)$720,897
Net operating income+$35,544
Cash yield≈ 4.9%

25% down, financed

Cash in (down + closing)$195,972
NOI − debt ($524,925 @ 7.25%)−$7,427/yr
+ principal paydown yr 1+$4,914
Monthly cash flow≈ −$619/mo

Three revenue scenarios

Same $699,900. Only the STR revenue assumption changes (cap = NOI ÷ price).

Conservative
$79,032
cap 4.0%
★ Base
$88,800
cap 5.1%
Optimistic
$91,464
cap 5.4%
GrossNOI Conservative$79k Base$88k Optimistic$91k 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 (4.0% / 5.1% / 5.4%). 25%-down case uses a $524,925 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.
  • Property tax is estimated — the county carries a $0 / land-only assessment on this newly-built unit. The pro-forma uses 2.0% of price (Miami-Dade non-homestead reassesses to ~market on sale); the county's first full bill may differ. Verify with the Property Appraiser.
  • No appreciation assumed in the yield figures. Not tax or lending advice — verify with your CPA and lender.