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$5,634 (target)

410 Long Cove Ct, Ormond Beach, FL 32174

3 beds • 4 baths • 2138 sqft

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This property might be a fair Mid-Term investment with a projected 6.31% first-year return on $118k initial cash invested.

6.31%

Cash On Cash

8.45%

Cap Rate

1.34

DSCR

$5,634

Rent

$618

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,634 income − $5,016 expenses = $618 cash flow

Income$5,634Mortgage P&I$2,49844%Property Taxes$1753%Insurance$1753%HOA$2534%Management$67612%CapEx$2254%Vacancy$1693%Maintenance$2254%Other$62011%Cash Flow$618

Investment Breakdown

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Purchase Price

$474k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$94,860

Closing costs

1%

$4,743

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,634

Total Expenses

$5,016

Mortgage P&I

44%

$2,498

Property Taxes

3%

$175

Home Insurance

3%

$175

HOA

4%

$253

Property Management

12%

$676

CapEx

4%

$225

Vacancy

3%

$169

Maintenance

4%

$225

Other

11%

$620

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