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$2,850 (target)

1309 COVE PLACE, Tavares, FL 32778

3 beds • 2 baths • 1388 sqft

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This property might be a fair Mid-Term investment with a projected 0.41% first-year return on $75,750 initial cash invested.

0.41%

Cash On Cash

6.77%

Cap Rate

1.1

DSCR

$2,850

Rent

$26

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,850 income − $2,824 expenses = $26 cash flow

Income$2,850Mortgage P&I$1,41250%Property Taxes$33212%Insurance$1004%HOA$10Management$34212%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31411%Cash Flow$26

Investment Breakdown

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Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,850

Total Expenses

$2,824

Mortgage P&I

50%

$1,412

Property Taxes

12%

$332

Home Insurance

4%

$100

HOA

0%

$10

Property Management

12%

$342

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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