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$3,376 (target)

1515 21st St W, Palmetto, FL 34221

3 beds • 2 baths • 2608 sqft

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This property looks like a bad Mid-Term investment with a projected -18.54% first-year return on $185k initial cash invested.

-18.54%

Cash On Cash

1.84%

Cap Rate

0.31

DSCR

$3,376

Rent

-$2,858

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,376 income − $6,234 expenses = $2,858 out of pocket

Income$3,376Out of Pocket$2,858Mortgage P&I$3,943117%Property Taxes$84625%Insurance$2989%Management$40512%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37111%

Investment Breakdown

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Purchase Price

$795k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$185k

Downpayment

20%

$159k

Closing costs

1%

$7,950

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,376

Total Expenses

$6,234

Mortgage P&I

117%

$3,943

Property Taxes

25%

$846

Home Insurance

9%

$298

HOA

0%

$0

Property Management

12%

$405

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$371

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