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$3,048 (target)

2684 Abell Rd, Lake Placid, FL 33852

3 beds • 2 baths • 1648 sqft

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This property looks like a bad Mid-Term investment with a projected -11.19% first-year return on $120k initial cash invested.

-11.19%

Cash On Cash

3.91%

Cap Rate

0.61

DSCR

$3,048

Rent

-$1,118

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,048 income − $4,166 expenses = $1,118 out of pocket

Income$3,048Out of Pocket$1,118Mortgage P&I$2,57885%Property Taxes$2177%Insurance$1706%HOA$1655%Management$36612%CapEx$1224%Vacancy$913%Maintenance$1224%Other$33511%

Investment Breakdown

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Purchase Price

$485k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,000

Closing costs

1%

$4,850

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,048

Total Expenses

$4,166

Mortgage P&I

85%

$2,578

Property Taxes

7%

$217

Home Insurance

6%

$170

HOA

5%

$165

Property Management

12%

$366

CapEx

4%

$122

Vacancy

3%

$91

Maintenance

4%

$122

Other

11%

$335

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