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224 SW 16th Pl Place SW, Vero Beach, FL 32962

3 beds • 2 baths • 1124 sqft

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This property looks like a bad Long-Term investment with a projected -6.2% first-year return on $62,538 initial cash invested.

-6.2%

Cash On Cash

4.99%

Cap Rate

0.85

DSCR

$1,986

Rent

-$323

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$298k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,538

Downpayment

20%

$59,560

Closing costs

1%

$2,978

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,986

Total Expenses

$2,309

Mortgage P&I

74%

$1,462

Property Taxes

11%

$226

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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