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$4,638 (target)

3000 KING PALM Way, Riviera Beach, FL 33410

3 beds • 3 baths • 1635 sqft

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This property might be a fair Mid-Term investment with a projected 2.19% first-year return on $113k initial cash invested.

2.19%

Cash On Cash

7.13%

Cap Rate

1.17

DSCR

$4,638

Rent

$206

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,638 income − $4,432 expenses = $206 cash flow

Income$4,638Mortgage P&I$2,29750%Property Taxes$1674%Insurance$1634%HOA$2275%Management$55712%CapEx$1864%Vacancy$1393%Maintenance$1864%Other$51011%Cash Flow$206

Investment Breakdown

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Purchase Price

$453k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,520

Closing costs

1%

$4,526

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,638

Total Expenses

$4,432

Mortgage P&I

50%

$2,297

Property Taxes

4%

$167

Home Insurance

4%

$163

HOA

5%

$227

Property Management

12%

$557

CapEx

4%

$186

Vacancy

3%

$139

Maintenance

4%

$186

Other

11%

$510

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