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$4,646 (target)

431 HARBOUR LIGHTS DRIVE, Ormond Beach, FL 32174

3 beds • 2 baths • 1756 sqft

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This property might be a fair Mid-Term investment with a projected 6.76% first-year return on $97,464 initial cash invested.

6.76%

Cash On Cash

8.45%

Cap Rate

1.38

DSCR

$4,646

Rent

$549

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,646 income − $4,097 expenses = $549 cash flow

Income$4,646Mortgage P&I$1,93142%Property Taxes$44210%Insurance$1363%HOA$8Management$55812%CapEx$1864%Vacancy$1393%Maintenance$1864%Other$51111%Cash Flow$549

Investment Breakdown

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Purchase Price

$378k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,464

Downpayment

20%

$75,680

Closing costs

1%

$3,784

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,646

Total Expenses

$4,097

Mortgage P&I

42%

$1,931

Property Taxes

10%

$442

Home Insurance

3%

$136

HOA

0%

$8

Property Management

12%

$558

CapEx

4%

$186

Vacancy

3%

$139

Maintenance

4%

$186

Other

11%

$511

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