REI Lense

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$5,421 (target)

263 OCEAN PALM DRIVE, Flagler Beach, FL 32136

3 beds • 2 baths • 2064 sqft

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This property might be a fair Mid-Term investment with a projected 0.96% first-year return on $127k initial cash invested.

0.96%

Cash On Cash

6.86%

Cap Rate

1.12

DSCR

$5,421

Rent

$102

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,421 income − $5,319 expenses = $102 cash flow

Income$5,421Mortgage P&I$2,66149%Property Taxes$62211%Insurance$1924%Management$65112%CapEx$2174%Vacancy$1633%Maintenance$2174%Other$59611%Cash Flow$102

Investment Breakdown

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Purchase Price

$521k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$127k

Downpayment

20%

$104k

Closing costs

1%

$5,214

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,421

Total Expenses

$5,319

Mortgage P&I

49%

$2,661

Property Taxes

11%

$622

Home Insurance

4%

$192

HOA

0%

$0

Property Management

12%

$651

CapEx

4%

$217

Vacancy

3%

$163

Maintenance

4%

$217

Other

11%

$596

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