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$8,682 (target)

2 Gardiner Dr, Amagansett, NY 11930

3 beds • 2 baths • 1250 sqft

$3,000,000

View on Zillow
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This property looks like a bad Mid-Term investment with a projected -30.59% first-year return on $648k initial cash invested.

-30.59%

Cash On Cash

0.16%

Cap Rate

0.02

DSCR

$8,682

Rent

-$16,520

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$8,682 income − $25,202 expenses = $16,520 out of pocket

Income$8,682Out of Pocket$16,520Mortgage P&I$16,576191%Property Taxes$4,62553%Insurance$1,05012%Management$1,04212%CapEx$3474%Vacancy$2603%Maintenance$3474%Other$95511%

Investment Breakdown

|

Purchase Price

$3000k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$648k

Downpayment

20%

$600k

Closing costs

1%

$30,000

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$8,682

Total Expenses

$25,202

Mortgage P&I

191%

$16,576

Property Taxes

53%

$4,625

Home Insurance

12%

$1,050

HOA

0%

$0

Property Management

12%

$1,042

CapEx

4%

$347

Vacancy

3%

$260

Maintenance

4%

$347

Other

11%

$955

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