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3061 Waterway Dr, Lake Placid, FL 33852

3 beds • 2 baths • 2181 sqft

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This property looks like a bad Mid-Term investment with a projected -5.37% first-year return on $154k initial cash invested.

-5.37%

Cash On Cash

4.99%

Cap Rate

0.84

DSCR

$4,780

Rent

-$689

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$647k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$154k

Downpayment

20%

$129k

Closing costs

1%

$6,469

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,780

Total Expenses

$5,469

Mortgage P&I

67%

$3,190

Property Taxes

9%

$420

Home Insurance

5%

$234

HOA

0%

$0

Property Management

12%

$574

CapEx

4%

$191

Vacancy

3%

$143

Maintenance

4%

$191

Other

11%

$526

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