REI Lense

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$3,001 (target)

3719 Longford Cir, Ormond Beach, FL 32174

3 beds • 2 baths • 1961 sqft

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This property looks like a bad Long-Term investment with a projected -8.18% first-year return on $95,949 initial cash invested.

-8.18%

Cash On Cash

4.75%

Cap Rate

0.78

DSCR

$3,001

Rent

-$654

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,001 income − $3,655 expenses = $654 out of pocket

Income$3,001Out of Pocket$654Mortgage P&I$2,31277%Property Taxes$32911%Insurance$1666%HOA$682%Management$30010%CapEx$1505%Vacancy$1806%Maintenance$1505%

Investment Breakdown

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Purchase Price

$457k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,949

Downpayment

20%

$91,380

Closing costs

1%

$4,569

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,001

Total Expenses

$3,655

Mortgage P&I

77%

$2,312

Property Taxes

11%

$329

Home Insurance

6%

$166

HOA

2%

$68

Property Management

10%

$300

CapEx

5%

$150

Vacancy

6%

$180

Maintenance

5%

$150

Other

0%

$0

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