REI Lense

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$4,306 (target)

102 Essex Dr, Ormond Beach, FL 32176

3 beds • 2 baths • 1608 sqft

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This property looks like a bad Mid-Term investment with a projected -2.02% first-year return on $113k initial cash invested.

-2.02%

Cash On Cash

5.96%

Cap Rate

0.99

DSCR

$4,306

Rent

-$190

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,306 income − $4,496 expenses = $190 out of pocket

Income$4,306Out of Pocket$190Mortgage P&I$2,25852%Property Taxes$60814%Insurance$1664%Management$51712%CapEx$1724%Vacancy$1293%Maintenance$1724%Other$47411%

Investment Breakdown

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Purchase Price

$451k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,240

Closing costs

1%

$4,512

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,306

Total Expenses

$4,496

Mortgage P&I

52%

$2,258

Property Taxes

14%

$608

Home Insurance

4%

$166

HOA

0%

$0

Property Management

12%

$517

CapEx

4%

$172

Vacancy

3%

$129

Maintenance

4%

$172

Other

11%

$474

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