398 COLONY POINT ROAD S, Saint Petersburg, FL 33705
3 beds • 2 baths • 2480 sqft
$1,179,600
View on ZillowThis property looks like a bad Long-Term investment with a projected -16.74% first-year return on $248k initial cash invested.
-16.74%
Cash On Cash
3.31%
Cap Rate
0.5
DSCR
$5,000
Rent
-$3,456
Cashflow
Cash Flow
$5,000 income − $8,456 expenses = $3,456 out of pocket
Investment Breakdown
|
Purchase Price
$1180k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$248k
Downpayment
20%
$236k
Closing costs
1%
$11,796
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,000
Total Expenses
$8,456
Mortgage P&I
129%
$6,461
Property Taxes
5%
$257
Home Insurance
9%
$438
HOA
0%
$0
Property Management
10%
$500
CapEx
5%
$250
Vacancy
6%
$300
Maintenance
5%
$250
Other
0%
$0