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$4,084 (target)

497 Grandview Ave, Ormond Beach, FL 32176

3 beds • 2 baths • 1590 sqft

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This property might be a fair Mid-Term investment with a projected 1.12% first-year return on $104k initial cash invested.

1.12%

Cash On Cash

6.74%

Cap Rate

1.13

DSCR

$4,084

Rent

$97

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,084 income − $3,987 expenses = $97 cash flow

Income$4,084Mortgage P&I$2,05050%Property Taxes$40010%Insurance$1494%Management$49012%CapEx$1634%Vacancy$1233%Maintenance$1634%Other$44911%Cash Flow$97

Investment Breakdown

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Purchase Price

$411k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,260

Closing costs

1%

$4,113

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,084

Total Expenses

$3,987

Mortgage P&I

50%

$2,050

Property Taxes

10%

$400

Home Insurance

4%

$149

HOA

0%

$0

Property Management

12%

$490

CapEx

4%

$163

Vacancy

3%

$123

Maintenance

4%

$163

Other

11%

$449

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