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$9,786 (target)

505 59TH STREET, Holmes Beach, FL 34217

3 beds • 3 baths • 3254 sqft

$2,150,400

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This property looks like a bad Mid-Term investment with a projected -14.18% first-year return on $470k initial cash invested.

-14.18%

Cash On Cash

3.2%

Cap Rate

0.53

DSCR

$9,786

Rent

-$5,548

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$9,786 income − $15,334 expenses = $5,548 out of pocket

Income$9,786Out of Pocket$5,548Mortgage P&I$10,888111%Property Taxes$1051%Insurance$1,01510%Management$1,17412%CapEx$3914%Vacancy$2943%Maintenance$3914%Other$1,07611%

Investment Breakdown

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Purchase Price

$2150k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$470k

Downpayment

20%

$430k

Closing costs

1%

$21,504

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$9,786

Total Expenses

$15,334

Mortgage P&I

111%

$10,888

Property Taxes

1%

$105

Home Insurance

10%

$1,015

HOA

0%

$0

Property Management

12%

$1,174

CapEx

4%

$391

Vacancy

3%

$294

Maintenance

4%

$391

Other

11%

$1,076

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