REI Lense

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$3,759 (target)

1411 N Beach St, Ormond Beach, FL 32174

3 beds • 2 baths • 2021 sqft

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This property looks like a bad Mid-Term investment with a projected -1.33% first-year return on $104k initial cash invested.

-1.33%

Cash On Cash

6.16%

Cap Rate

1.02

DSCR

$3,759

Rent

-$115

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,759 income − $3,874 expenses = $115 out of pocket

Income$3,759Out of Pocket$115Mortgage P&I$2,07055%Property Taxes$38310%Insurance$1444%Management$45112%CapEx$1504%Vacancy$1133%Maintenance$1504%Other$41311%

Investment Breakdown

|

Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,980

Closing costs

1%

$4,099

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,759

Total Expenses

$3,874

Mortgage P&I

55%

$2,070

Property Taxes

10%

$383

Home Insurance

4%

$144

HOA

0%

$0

Property Management

12%

$451

CapEx

4%

$150

Vacancy

3%

$113

Maintenance

4%

$150

Other

11%

$413

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