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$2,940 (target)

316 SUMMERSET DRIVE, Apopka, FL 32712

3 beds • 2 baths • 1068 sqft

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This property might be a fair Mid-Term investment with a projected 4.04% first-year return on $71,970 initial cash invested.

4.04%

Cash On Cash

8.08%

Cap Rate

1.26

DSCR

$2,940

Rent

$242

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,940 income − $2,698 expenses = $242 cash flow

Income$2,940Mortgage P&I$1,37147%Property Taxes$2358%Insurance$923%Management$35312%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32311%Cash Flow$242

Investment Breakdown

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Purchase Price

$257k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,970

Downpayment

20%

$51,400

Closing costs

1%

$2,570

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,940

Total Expenses

$2,698

Mortgage P&I

47%

$1,371

Property Taxes

8%

$235

Home Insurance

3%

$92

HOA

0%

$0

Property Management

12%

$353

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$323

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