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$3,142 (target)

1316 Golf Ave, Ormond Beach, FL 32174

3 beds • 2 baths • 1784 sqft

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This property might be a fair Mid-Term investment with a projected 1.9% first-year return on $90,429 initial cash invested.

1.9%

Cash On Cash

7.12%

Cap Rate

1.15

DSCR

$3,142

Rent

$143

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,142 income − $2,999 expenses = $143 cash flow

Income$3,142Mortgage P&I$1,77657%Property Taxes$331%Insurance$1214%Management$37712%CapEx$1264%Vacancy$943%Maintenance$1264%Other$34611%Cash Flow$143

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,429

Downpayment

20%

$68,980

Closing costs

1%

$3,449

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,142

Total Expenses

$2,999

Mortgage P&I

57%

$1,776

Property Taxes

1%

$33

Home Insurance

4%

$121

HOA

0%

$0

Property Management

12%

$377

CapEx

4%

$126

Vacancy

3%

$94

Maintenance

4%

$126

Other

11%

$346

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