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$3,028 (target)

450 E Pomelo St, Lake Alfred, FL 33850

3 beds • 2 baths • 1849 sqft

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This property might be a fair Mid-Term investment with a projected 5.85% first-year return on $80,013 initial cash invested.

5.85%

Cash On Cash

7.93%

Cap Rate

1.35

DSCR

$3,028

Rent

$390

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,028 income − $2,638 expenses = $390 cash flow

Income$3,028Mortgage P&I$1,44048%Property Taxes$642%Insurance$1053%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33311%Cash Flow$390

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,013

Downpayment

20%

$59,060

Closing costs

1%

$2,953

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,028

Total Expenses

$2,638

Mortgage P&I

48%

$1,440

Property Taxes

2%

$64

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

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