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16229 CASTLE PARK TERRACE, Lakewood Ranch, FL 34202
3 beds • 4 baths • 2733 sqft
$956,100
View on ZillowThis property looks like a bad Long-Term investment with a projected -18.1% first-year return on $201k initial cash invested.
-18.1%
Cash On Cash
3.08%
Cap Rate
0.47
DSCR
$5,388
Rent
-$3,029
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,388 income − $8,417 expenses = $3,029 out of pocket
Investment Breakdown
|
Purchase Price
$956k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$191k
Closing costs
1%
$9,561
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,388
Total Expenses
$8,417
Mortgage P&I
97%
$5,211
Property Taxes
17%
$907
Home Insurance
7%
$350
HOA
10%
$549
Property Management
10%
$539
CapEx
5%
$269
Vacancy
6%
$323
Maintenance
5%
$269
Other
0%
$0