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$3,681 (target)

10505 WICKER PARK PLACE, Palmetto, FL 34221

3 beds • 3 baths • 2275 sqft

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This property looks like a bad Long-Term investment with a projected -20.89% first-year return on $185k initial cash invested.

-20.89%

Cash On Cash

1.89%

Cap Rate

0.31

DSCR

$3,681

Rent

-$3,217

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,681 income − $6,898 expenses = $3,217 out of pocket

Income$3,681Out of Pocket$3,217Mortgage P&I$4,420120%Property Taxes$69319%Insurance$3088%HOA$52014%Management$36810%CapEx$1845%Vacancy$2216%Maintenance$1845%

Investment Breakdown

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Purchase Price

$880k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$185k

Downpayment

20%

$176k

Closing costs

1%

$8,799

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,681

Total Expenses

$6,898

Mortgage P&I

120%

$4,420

Property Taxes

19%

$693

Home Insurance

8%

$308

HOA

14%

$520

Property Management

10%

$368

CapEx

5%

$184

Vacancy

6%

$221

Maintenance

5%

$184

Other

0%

$0

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