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$3,014 (target)

237 NOVA DRIVE, Davenport, FL 33837

3 beds • 2 baths • 1770 sqft

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This property looks like a bad Mid-Term investment with a projected -2.76% first-year return on $86,964 initial cash invested.

-2.76%

Cash On Cash

5.89%

Cap Rate

0.95

DSCR

$3,014

Rent

-$200

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,014 income − $3,214 expenses = $200 out of pocket

Income$3,014Out of Pocket$200Mortgage P&I$1,69156%Property Taxes$36312%Insurance$1174%HOA$171%Management$36212%CapEx$1214%Vacancy$903%Maintenance$1214%Other$33211%

Investment Breakdown

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Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,964

Downpayment

20%

$65,680

Closing costs

1%

$3,284

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,014

Total Expenses

$3,214

Mortgage P&I

56%

$1,691

Property Taxes

12%

$363

Home Insurance

4%

$117

HOA

1%

$17

Property Management

12%

$362

CapEx

4%

$121

Vacancy

3%

$90

Maintenance

4%

$121

Other

11%

$332

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