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$1,917 (target)

5626 CORTINA LANE, Palmetto, FL 34221

3 beds • 2 baths • 1393 sqft

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This property looks like a bad Long-Term investment with a projected -13.01% first-year return on $58,926 initial cash invested.

-13.01%

Cash On Cash

3.78%

Cap Rate

0.62

DSCR

$1,917

Rent

-$639

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,917 income − $2,556 expenses = $639 out of pocket

Income$1,917Out of Pocket$639Mortgage P&I$1,42774%Property Taxes$221%Insurance$1025%HOA$50626%Management$19210%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

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Purchase Price

$281k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,926

Downpayment

20%

$56,120

Closing costs

1%

$2,806

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,917

Total Expenses

$2,556

Mortgage P&I

74%

$1,427

Property Taxes

1%

$22

Home Insurance

5%

$102

HOA

26%

$506

Property Management

10%

$192

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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