REI Lense

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$3,440 (target)

404 Pine Rd, Ormond Beach, FL 32176

3 beds • 2 baths • 1436 sqft

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This property looks like a bad Mid-Term investment with a projected -2.51% first-year return on $111k initial cash invested.

-2.51%

Cash On Cash

5.87%

Cap Rate

0.96

DSCR

$3,440

Rent

-$233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,440 income − $3,673 expenses = $233 out of pocket

Income$3,440Out of Pocket$233Mortgage P&I$2,27066%Property Taxes$702%Insurance$1635%Management$41312%CapEx$1384%Vacancy$1033%Maintenance$1384%Other$37811%

Investment Breakdown

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Purchase Price

$445k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,940

Closing costs

1%

$4,447

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,440

Total Expenses

$3,673

Mortgage P&I

66%

$2,270

Property Taxes

2%

$70

Home Insurance

5%

$163

HOA

0%

$0

Property Management

12%

$413

CapEx

4%

$138

Vacancy

3%

$103

Maintenance

4%

$138

Other

11%

$378

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