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$2,697 (target)

39 Lakebluff Dr, Ormond Beach, FL 32174

3 beds • 2 baths • 1918 sqft

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This property looks like a bad Long-Term investment with a projected -8.31% first-year return on $84,084 initial cash invested.

-8.31%

Cash On Cash

4.84%

Cap Rate

0.78

DSCR

$2,697

Rent

-$582

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,697 income − $3,279 expenses = $582 out of pocket

Income$2,697Out of Pocket$582Mortgage P&I$2,06176%Property Taxes$27110%Insurance$1455%HOA$1004%Management$27010%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

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Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,084

Downpayment

20%

$80,080

Closing costs

1%

$4,004

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,697

Total Expenses

$3,279

Mortgage P&I

76%

$2,061

Property Taxes

10%

$271

Home Insurance

5%

$145

HOA

4%

$100

Property Management

10%

$270

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

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