REI Lense

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$2,679 (target)

43 Gale Ln, Ormond Beach, FL 32174

3 beds • 2 baths • 2169 sqft

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This property looks like a bad Long-Term investment with a projected -12.61% first-year return on $110k initial cash invested.

-12.61%

Cash On Cash

3.59%

Cap Rate

0.61

DSCR

$2,679

Rent

-$1,159

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,679 income − $3,838 expenses = $1,159 out of pocket

Income$2,679Out of Pocket$1,159Mortgage P&I$2,59697%Property Taxes$2409%Insurance$1847%HOA$1215%Management$26810%CapEx$1345%Vacancy$1616%Maintenance$1345%

Investment Breakdown

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Purchase Price

$525k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$105k

Closing costs

1%

$5,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,679

Total Expenses

$3,838

Mortgage P&I

97%

$2,596

Property Taxes

9%

$240

Home Insurance

7%

$184

HOA

5%

$121

Property Management

10%

$268

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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