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$11,562 (target)

1014 Lewis Cove, Delray Beach, FL 33483

3 beds • 2 baths • 1936 sqft

$3,900,000

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This property looks like a bad Mid-Term investment with a projected -20.55% first-year return on $837k initial cash invested.

-20.55%

Cash On Cash

1.88%

Cap Rate

0.31

DSCR

$11,562

Rent

-$14,333

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$11,562 income − $25,895 expenses = $14,333 out of pocket

Income$11,562Out of Pocket$14,333Mortgage P&I$19,994173%Property Taxes$6065%Insurance$1,36512%Management$1,38712%CapEx$4624%Vacancy$3473%Maintenance$4624%Other$1,27211%

Investment Breakdown

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Purchase Price

$3900k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$837k

Downpayment

20%

$780k

Closing costs

1%

$39,000

Rehab

0%

$0

Furnishing

0%

$18,000

Cashflow

Total Income

$11,562

Total Expenses

$25,895

Mortgage P&I

173%

$19,994

Property Taxes

5%

$606

Home Insurance

12%

$1,365

HOA

0%

$0

Property Management

12%

$1,387

CapEx

4%

$462

Vacancy

3%

$347

Maintenance

4%

$462

Other

11%

$1,272

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