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$3,315 (target)

24541 LAUREL RIDGE DRIVE, Lutz, FL 33559

3 beds • 2 baths • 1394 sqft

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This property looks like a bad Mid-Term investment with a projected -5.33% first-year return on $102k initial cash invested.

-5.33%

Cash On Cash

5.2%

Cap Rate

0.84

DSCR

$3,315

Rent

-$453

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,315 income − $3,768 expenses = $453 out of pocket

Income$3,315Out of Pocket$453Mortgage P&I$2,05362%Property Taxes$42413%Insurance$1404%HOA$231%Management$39812%CapEx$1334%Vacancy$993%Maintenance$1334%Other$36511%

Investment Breakdown

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Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$80,000

Closing costs

1%

$4,000

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,315

Total Expenses

$3,768

Mortgage P&I

62%

$2,053

Property Taxes

13%

$424

Home Insurance

4%

$140

HOA

1%

$23

Property Management

12%

$398

CapEx

4%

$133

Vacancy

3%

$99

Maintenance

4%

$133

Other

11%

$365

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