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$2,490 (target)

127 Cumquat Rd NW, Lake Placid, FL 33852

3 beds • 2 baths • 1257 sqft

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This property might be a fair Mid-Term investment with a projected 1.21% first-year return on $70,353 initial cash invested.

1.21%

Cash On Cash

6.76%

Cap Rate

1.14

DSCR

$2,490

Rent

$71

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,490 income − $2,419 expenses = $71 cash flow

Income$2,490Mortgage P&I$1,23450%Property Taxes$24410%Insurance$914%HOA$2Management$29912%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27411%Cash Flow$71

Investment Breakdown

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Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,353

Downpayment

20%

$49,860

Closing costs

1%

$2,493

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,490

Total Expenses

$2,419

Mortgage P&I

50%

$1,234

Property Taxes

10%

$244

Home Insurance

4%

$91

HOA

0%

$2

Property Management

12%

$299

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$274

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