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$2,895 (target)

3856 Corrigan Court, Palm Springs, FL 33461

3 beds • 2 baths • 1225 sqft

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This property looks like a bad Long-Term investment with a projected -12.05% first-year return on $109k initial cash invested.

-12.05%

Cash On Cash

3.9%

Cap Rate

0.64

DSCR

$2,895

Rent

-$1,094

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,895 income − $3,989 expenses = $1,094 out of pocket

Income$2,895Out of Pocket$1,094Mortgage P&I$2,63791%Property Taxes$41614%Insurance$1826%Management$29010%CapEx$1455%Vacancy$1746%Maintenance$1455%

Investment Breakdown

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Purchase Price

$519k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$104k

Closing costs

1%

$5,190

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,895

Total Expenses

$3,989

Mortgage P&I

91%

$2,637

Property Taxes

14%

$416

Home Insurance

6%

$182

HOA

0%

$0

Property Management

10%

$290

CapEx

5%

$145

Vacancy

6%

$174

Maintenance

5%

$145

Other

0%

$0

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