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$6,063 (target)

516 SPOONBILL WAY, Sarasota, FL 34236

3 beds • 2 baths • 1930 sqft

$1,585,000

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This property looks like a bad Long-Term investment with a projected -21.02% first-year return on $333k initial cash invested.

-21.02%

Cash On Cash

1.95%

Cap Rate

0.32

DSCR

$6,063

Rent

-$5,830

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,063 income − $11,893 expenses = $5,830 out of pocket

Income$6,063Out of Pocket$5,830Mortgage P&I$8,108134%Property Taxes$1,51525%Insurance$58410%HOA$1102%Management$60610%CapEx$3035%Vacancy$3646%Maintenance$3035%

Investment Breakdown

|

Purchase Price

$1585k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$333k

Downpayment

20%

$317k

Closing costs

1%

$15,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$6,063

Total Expenses

$11,893

Mortgage P&I

134%

$8,108

Property Taxes

25%

$1,515

Home Insurance

10%

$584

HOA

2%

$110

Property Management

10%

$606

CapEx

5%

$303

Vacancy

6%

$364

Maintenance

5%

$303

Other

0%

$0

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