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$7,824 (target)

4022 Manchester Lake Drive, Lake Worth, FL 33449

3 beds • 3 baths • 2607 sqft

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This property could be a profitable Mid-Term investment with a projected 23.82% first-year return on $101k initial cash invested.

23.82%

Cash On Cash

13.01%

Cap Rate

2.18

DSCR

$7,824

Rent

$2,008

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,824 income − $5,816 expenses = $2,008 cash flow

Income$7,824Mortgage P&I$1,97325%Property Taxes$2543%Insurance$1352%HOA$79310%Management$93912%CapEx$3134%Vacancy$2353%Maintenance$3134%Other$86111%Cash Flow$2,008

Investment Breakdown

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Purchase Price

$396k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,200

Closing costs

1%

$3,960

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$7,824

Total Expenses

$5,816

Mortgage P&I

25%

$1,973

Property Taxes

3%

$254

Home Insurance

2%

$135

HOA

10%

$793

Property Management

12%

$939

CapEx

4%

$313

Vacancy

3%

$235

Maintenance

4%

$313

Other

11%

$861

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