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$6,381 (target)

2753 Sea Grove Ln, Fernandina Beach, FL 32034

3 beds • 2 baths • 2322 sqft

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This property looks like a bad Mid-Term investment with a projected -7.38% first-year return on $215k initial cash invested.

-7.38%

Cash On Cash

4.63%

Cap Rate

0.77

DSCR

$6,381

Rent

-$1,323

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,381 income − $7,704 expenses = $1,323 out of pocket

Income$6,381Out of Pocket$1,323Mortgage P&I$4,69174%Property Taxes$4687%Insurance$3505%HOA$26Management$76612%CapEx$2554%Vacancy$1913%Maintenance$2554%Other$70211%

Investment Breakdown

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Purchase Price

$939k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$215k

Downpayment

20%

$188k

Closing costs

1%

$9,393

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,381

Total Expenses

$7,704

Mortgage P&I

74%

$4,691

Property Taxes

7%

$468

Home Insurance

5%

$350

HOA

0%

$26

Property Management

12%

$766

CapEx

4%

$255

Vacancy

3%

$191

Maintenance

4%

$255

Other

11%

$702

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