REI Lense

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$3,891 (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 Mid-Term investment with a projected -5.07% first-year return on $107k initial cash invested.

-5.07%

Cash On Cash

5.56%

Cap Rate

0.87

DSCR

$3,891

Rent

-$454

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,891 income − $4,345 expenses = $454 out of pocket

Income$3,891Out of Pocket$454Mortgage P&I$2,27058%Property Taxes$2436%Insurance$1534%HOA$3559%Management$46712%CapEx$1564%Vacancy$1173%Maintenance$1564%Other$42811%

Investment Breakdown

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Purchase Price

$426k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,100

Closing costs

1%

$4,255

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,891

Total Expenses

$4,345

Mortgage P&I

58%

$2,270

Property Taxes

6%

$243

Home Insurance

4%

$153

HOA

9%

$355

Property Management

12%

$467

CapEx

4%

$156

Vacancy

3%

$117

Maintenance

4%

$156

Other

11%

$428

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