REI Lense

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$2,594 (target)

132 Chelsea Place Ave, Ormond Beach, FL 32174

3 beds • 2 baths • 1666 sqft

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This property looks like a bad Long-Term investment with a projected -14.8% first-year return on $89,355 initial cash invested.

-14.8%

Cash On Cash

3.66%

Cap Rate

0.57

DSCR

$2,594

Rent

-$1,102

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,594 income − $3,696 expenses = $1,102 out of pocket

Income$2,594Out of Pocket$1,102Mortgage P&I$2,27088%Property Taxes$2439%Insurance$1536%HOA$35514%Management$25910%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$426k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,355

Downpayment

20%

$85,100

Closing costs

1%

$4,255

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,594

Total Expenses

$3,696

Mortgage P&I

88%

$2,270

Property Taxes

9%

$243

Home Insurance

6%

$153

HOA

14%

$355

Property Management

10%

$259

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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