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$2,871 (target)

102 Essex Dr, Ormond Beach, FL 32176

3 beds • 2 baths • 1608 sqft

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This property looks like a bad Long-Term investment with a projected -11.5% first-year return on $94,752 initial cash invested.

-11.5%

Cash On Cash

3.97%

Cap Rate

0.66

DSCR

$2,871

Rent

-$908

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,871 income − $3,779 expenses = $908 out of pocket

Income$2,871Out of Pocket$908Mortgage P&I$2,25879%Property Taxes$60821%Insurance$1666%Management$28710%CapEx$1445%Vacancy$1726%Maintenance$1445%

Investment Breakdown

|

Purchase Price

$451k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,752

Downpayment

20%

$90,240

Closing costs

1%

$4,512

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,871

Total Expenses

$3,779

Mortgage P&I

79%

$2,258

Property Taxes

21%

$608

Home Insurance

6%

$166

HOA

0%

$0

Property Management

10%

$287

CapEx

5%

$144

Vacancy

6%

$172

Maintenance

5%

$144

Other

0%

$0

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