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2946 N Ocean Shore Blvd, Flagler Beach, FL 32136
3 beds • 4 baths • 2815 sqft
$1,499,000
View on ZillowThis property looks like a bad Long-Term investment with a projected -25.42% first-year return on $315k initial cash invested.
-25.42%
Cash On Cash
0.77%
Cap Rate
0.13
DSCR
$2,198
Rent
-$6,667
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,198 income − $8,865 expenses = $6,667 out of pocket
Investment Breakdown
|
Purchase Price
$1499k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$315k
Downpayment
20%
$300k
Closing costs
1%
$14,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,198
Total Expenses
$8,865
Mortgage P&I
342%
$7,514
Property Taxes
12%
$254
Home Insurance
24%
$525
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0