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$1,648 (target)

113 WHITE AVENUE NE, Lake Placid, FL 33852

3 beds • 2 baths • 1196 sqft

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This property looks like a bad Long-Term investment with a projected -7.88% first-year return on $47,187 initial cash invested.

-7.88%

Cash On Cash

5.42%

Cap Rate

0.82

DSCR

$1,648

Rent

-$310

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,648 income − $1,958 expenses = $310 out of pocket

Income$1,648Out of Pocket$310Mortgage P&I$1,24275%Property Taxes$20613%Insurance$825%Management$16510%CapEx$825%Vacancy$996%Maintenance$825%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,187

Downpayment

20%

$44,940

Closing costs

1%

$2,247

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,648

Total Expenses

$1,958

Mortgage P&I

75%

$1,242

Property Taxes

13%

$206

Home Insurance

5%

$82

HOA

0%

$0

Property Management

10%

$165

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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