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$6,825 (target)

28706 102ND DRIVE E, Myakka City, FL 34251

3 beds • 2 baths • 2100 sqft

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This property looks like a bad Mid-Term investment with a projected -2.9% first-year return on $186k initial cash invested.

-2.9%

Cash On Cash

5.77%

Cap Rate

0.96

DSCR

$6,825

Rent

-$449

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,825 income − $7,274 expenses = $449 out of pocket

Income$6,825Out of Pocket$449Mortgage P&I$4,01859%Property Taxes$6379%Insurance$2984%Management$81912%CapEx$2734%Vacancy$2053%Maintenance$2734%Other$75111%

Investment Breakdown

|

Purchase Price

$799k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$186k

Downpayment

20%

$160k

Closing costs

1%

$7,985

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,825

Total Expenses

$7,274

Mortgage P&I

59%

$4,018

Property Taxes

9%

$637

Home Insurance

4%

$298

HOA

0%

$0

Property Management

12%

$819

CapEx

4%

$273

Vacancy

3%

$205

Maintenance

4%

$273

Other

11%

$751

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