REI Lense

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$3,412 (target)

29 Apian Way, Ormond Beach, FL 32174

3 beds • 2 baths • 2036 sqft

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This property looks like a bad Long-Term investment with a projected -13.26% first-year return on $129k initial cash invested.

-13.26%

Cash On Cash

3.63%

Cap Rate

0.6

DSCR

$3,412

Rent

-$1,426

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,412 income − $4,838 expenses = $1,426 out of pocket

Income$3,412Out of Pocket$1,426Mortgage P&I$3,11291%Property Taxes$39512%Insurance$2247%HOA$2196%Management$34110%CapEx$1715%Vacancy$2056%Maintenance$1715%

Investment Breakdown

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Purchase Price

$614k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$123k

Closing costs

1%

$6,144

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,412

Total Expenses

$4,838

Mortgage P&I

91%

$3,112

Property Taxes

12%

$395

Home Insurance

7%

$224

HOA

6%

$219

Property Management

10%

$341

CapEx

5%

$171

Vacancy

6%

$205

Maintenance

5%

$171

Other

0%

$0

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