REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,070 (target)

6 Concord Dr, Ormond Beach, FL 32176

3 beds • 2 baths • 1435 sqft

Email

This property looks like a bad Long-Term investment with a projected -7.7% first-year return on $89,922 initial cash invested.

-7.7%

Cash On Cash

5.05%

Cap Rate

0.81

DSCR

$3,070

Rent

-$577

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,070 income − $3,647 expenses = $577 out of pocket

Income$3,070Out of Pocket$577Mortgage P&I$2,22472%Property Taxes$46615%Insurance$1585%Management$30710%CapEx$1545%Vacancy$1846%Maintenance$1545%

Investment Breakdown

|

Purchase Price

$428k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,922

Downpayment

20%

$85,640

Closing costs

1%

$4,282

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,070

Total Expenses

$3,647

Mortgage P&I

72%

$2,224

Property Taxes

15%

$466

Home Insurance

5%

$158

HOA

0%

$0

Property Management

10%

$307

CapEx

5%

$154

Vacancy

6%

$184

Maintenance

5%

$154

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis