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$9,994 (target)

2940 NE 39th Court, Lighthouse Pt, FL 33064

3 beds • 3 baths • 2124 sqft

$1,446,600

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This property looks like a bad Mid-Term investment with a projected -7.6% first-year return on $322k initial cash invested.

-7.6%

Cash On Cash

4.66%

Cap Rate

0.77

DSCR

$9,994

Rent

-$2,038

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$9,994 income − $12,032 expenses = $2,038 out of pocket

Income$9,994Out of Pocket$2,038Mortgage P&I$7,25973%Property Taxes$8338%Insurance$5425%Management$1,19912%CapEx$4004%Vacancy$3003%Maintenance$4004%Other$1,09911%

Investment Breakdown

|

Purchase Price

$1447k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$322k

Downpayment

20%

$289k

Closing costs

1%

$14,466

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$9,994

Total Expenses

$12,032

Mortgage P&I

73%

$7,259

Property Taxes

8%

$833

Home Insurance

5%

$542

HOA

0%

$0

Property Management

12%

$1,199

CapEx

4%

$400

Vacancy

3%

$300

Maintenance

4%

$400

Other

11%

$1,099

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