REI Lense

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$4,532 (target)

29 Canterbury Woods, Ormond Beach, FL 32174

3 beds • 2 baths • 2086 sqft

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This property might be a fair Mid-Term investment with a projected 0.66% first-year return on $109k initial cash invested.

0.66%

Cash On Cash

6.73%

Cap Rate

1.11

DSCR

$4,532

Rent

$60

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,532 income − $4,472 expenses = $60 cash flow

Income$4,532Mortgage P&I$2,18448%Property Taxes$49911%Insurance$1583%HOA$902%Management$54412%CapEx$1814%Vacancy$1363%Maintenance$1814%Other$49911%Cash Flow$60

Investment Breakdown

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Purchase Price

$432k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,440

Closing costs

1%

$4,322

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,532

Total Expenses

$4,472

Mortgage P&I

48%

$2,184

Property Taxes

11%

$499

Home Insurance

3%

$158

HOA

2%

$90

Property Management

12%

$544

CapEx

4%

$181

Vacancy

3%

$136

Maintenance

4%

$181

Other

11%

$499

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