REI Lense

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$4,018 (target)

43 Gale Ln, Ormond Beach, FL 32174

3 beds • 2 baths • 2169 sqft

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This property looks like a bad Mid-Term investment with a projected -4.58% first-year return on $128k initial cash invested.

-4.58%

Cash On Cash

5.18%

Cap Rate

0.87

DSCR

$4,018

Rent

-$490

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,018 income − $4,508 expenses = $490 out of pocket

Income$4,018Out of Pocket$490Mortgage P&I$2,59665%Property Taxes$2406%Insurance$1845%HOA$1213%Management$48212%CapEx$1614%Vacancy$1213%Maintenance$1614%Other$44211%

Investment Breakdown

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Purchase Price

$525k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$105k

Closing costs

1%

$5,250

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,018

Total Expenses

$4,508

Mortgage P&I

65%

$2,596

Property Taxes

6%

$240

Home Insurance

5%

$184

HOA

3%

$121

Property Management

12%

$482

CapEx

4%

$161

Vacancy

3%

$121

Maintenance

4%

$161

Other

11%

$442

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