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$6,795 (target)

1202 Essex Drive, Wellington, FL 33414

3 beds • 2 baths • 1865 sqft

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This property might be a fair Mid-Term investment with a projected 4.31% first-year return on $141k initial cash invested.

4.31%

Cash On Cash

7.69%

Cap Rate

1.26

DSCR

$6,795

Rent

$506

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,795 income − $6,289 expenses = $506 cash flow

Income$6,795Mortgage P&I$2,97044%Property Taxes$79912%Insurance$2103%Management$81512%CapEx$2724%Vacancy$2043%Maintenance$2724%Other$74711%Cash Flow$506

Investment Breakdown

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Purchase Price

$585k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$141k

Downpayment

20%

$117k

Closing costs

1%

$5,850

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$6,795

Total Expenses

$6,289

Mortgage P&I

44%

$2,970

Property Taxes

12%

$799

Home Insurance

3%

$210

HOA

0%

$0

Property Management

12%

$815

CapEx

4%

$272

Vacancy

3%

$204

Maintenance

4%

$272

Other

11%

$747

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