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$3,402 (target)

324 RED KITE DRIVE, Groveland, FL 34736

3 beds • 2 baths • 2029 sqft

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This property looks like a bad Mid-Term investment with a projected -2.92% first-year return on $92,928 initial cash invested.

-2.92%

Cash On Cash

5.8%

Cap Rate

0.95

DSCR

$3,402

Rent

-$226

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,402 income − $3,628 expenses = $226 out of pocket

Income$3,402Out of Pocket$226Mortgage P&I$1,81553%Property Taxes$49615%Insurance$1284%HOA$331%Management$40812%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37411%

Investment Breakdown

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Purchase Price

$357k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,928

Downpayment

20%

$71,360

Closing costs

1%

$3,568

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,402

Total Expenses

$3,628

Mortgage P&I

53%

$1,815

Property Taxes

15%

$496

Home Insurance

4%

$128

HOA

1%

$33

Property Management

12%

$408

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$374

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