REI Lense

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$3,614 (target)

263 OCEAN PALM DRIVE, Flagler Beach, FL 32136

3 beds • 2 baths • 2064 sqft

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This property looks like a bad Long-Term investment with a projected -8.78% first-year return on $109k initial cash invested.

-8.78%

Cash On Cash

4.7%

Cap Rate

0.77

DSCR

$3,614

Rent

-$801

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,614 income − $4,415 expenses = $801 out of pocket

Income$3,614Out of Pocket$801Mortgage P&I$2,66174%Property Taxes$62217%Insurance$1925%Management$36110%CapEx$1815%Vacancy$2176%Maintenance$1815%

Investment Breakdown

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Purchase Price

$521k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$104k

Closing costs

1%

$5,214

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,614

Total Expenses

$4,415

Mortgage P&I

74%

$2,661

Property Taxes

17%

$622

Home Insurance

5%

$192

HOA

0%

$0

Property Management

10%

$361

CapEx

5%

$181

Vacancy

6%

$217

Maintenance

5%

$181

Other

0%

$0

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