REI Lense

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$4,078 (target)

12 Meadow Ridge Vw, Ormond Beach, FL 32174

3 beds • 2 baths • 1968 sqft

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This property might be a fair Mid-Term investment with a projected 1.4% first-year return on $102k initial cash invested.

1.4%

Cash On Cash

7.03%

Cap Rate

1.14

DSCR

$4,078

Rent

$119

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,078 income − $3,959 expenses = $119 cash flow

Income$4,078Mortgage P&I$2,05550%Property Taxes$2837%Insurance$1454%HOA$902%Management$48912%CapEx$1634%Vacancy$1223%Maintenance$1634%Other$44911%Cash Flow$119

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,078

Total Expenses

$3,959

Mortgage P&I

50%

$2,055

Property Taxes

7%

$283

Home Insurance

4%

$145

HOA

2%

$90

Property Management

12%

$489

CapEx

4%

$163

Vacancy

3%

$122

Maintenance

4%

$163

Other

11%

$449

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