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$4,662 (target)

3120 Contego Lane, Riviera Beach, FL 33418

3 beds • 2 baths • 1476 sqft

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This property looks like a bad Mid-Term investment with a projected -1.76% first-year return on $108k initial cash invested.

-1.76%

Cash On Cash

5.84%

Cap Rate

1.01

DSCR

$4,662

Rent

-$159

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,662 income − $4,821 expenses = $159 out of pocket

Income$4,662Out of Pocket$159Mortgage P&I$2,06744%Property Taxes$74516%Insurance$1503%HOA$2756%Management$55912%CapEx$1864%Vacancy$1403%Maintenance$1864%Other$51311%

Investment Breakdown

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Purchase Price

$430k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$86,000

Closing costs

1%

$4,300

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,662

Total Expenses

$4,821

Mortgage P&I

44%

$2,067

Property Taxes

16%

$745

Home Insurance

3%

$150

HOA

6%

$275

Property Management

12%

$559

CapEx

4%

$186

Vacancy

3%

$140

Maintenance

4%

$186

Other

11%

$513

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