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$3,050 (target)

400 S Ridgewood Ave, Ormond Beach, FL 32174

3 beds • 3 baths • 1056 sqft

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This property might be a fair Mid-Term investment with a projected 0.53% first-year return on $86,439 initial cash invested.

0.53%

Cash On Cash

6.57%

Cap Rate

1.1

DSCR

$3,050

Rent

$38

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,050 income − $3,012 expenses = $38 cash flow

Income$3,050Mortgage P&I$1,62553%Property Taxes$2308%Insurance$1194%Management$36612%CapEx$1224%Vacancy$923%Maintenance$1224%Other$33611%Cash Flow$38

Investment Breakdown

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Purchase Price

$326k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,439

Downpayment

20%

$65,180

Closing costs

1%

$3,259

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,050

Total Expenses

$3,012

Mortgage P&I

53%

$1,625

Property Taxes

8%

$230

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$366

CapEx

4%

$122

Vacancy

3%

$92

Maintenance

4%

$122

Other

11%

$336

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