REI Lense

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$2,719 (target)

12 Meadow Ridge Vw, Ormond Beach, FL 32174

3 beds • 2 baths • 1968 sqft

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This property looks like a bad Long-Term investment with a projected -8.03% first-year return on $83,790 initial cash invested.

-8.03%

Cash On Cash

4.9%

Cap Rate

0.79

DSCR

$2,719

Rent

-$561

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,719 income − $3,280 expenses = $561 out of pocket

Income$2,719Out of Pocket$561Mortgage P&I$2,05576%Property Taxes$28310%Insurance$1455%HOA$903%Management$27210%CapEx$1365%Vacancy$1636%Maintenance$1365%

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,790

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,719

Total Expenses

$3,280

Mortgage P&I

76%

$2,055

Property Taxes

10%

$283

Home Insurance

5%

$145

HOA

3%

$90

Property Management

10%

$272

CapEx

5%

$136

Vacancy

6%

$163

Maintenance

5%

$136

Other

0%

$0

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