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$3,999 (target)

2824 47TH STREET E, Palmetto, FL 34221

3 beds • 2 baths • 2064 sqft

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This property looks like a bad Mid-Term investment with a projected -3.25% first-year return on $108k initial cash invested.

-3.25%

Cash On Cash

5.98%

Cap Rate

0.94

DSCR

$3,999

Rent

-$293

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,999 income − $4,292 expenses = $293 out of pocket

Income$3,999Out of Pocket$293Mortgage P&I$2,27557%Property Taxes$43011%Insurance$1504%HOA$772%Management$48012%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44011%

Investment Breakdown

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Purchase Price

$430k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,980

Closing costs

1%

$4,299

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,999

Total Expenses

$4,292

Mortgage P&I

57%

$2,275

Property Taxes

11%

$430

Home Insurance

4%

$150

HOA

2%

$77

Property Management

12%

$480

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$440

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