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$20,248 (target)

6098 NW 24th Terrace, Boca Raton, FL 33496

3 beds • 4 baths • 3131 sqft

$1,756,400

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This property might be a fair Mid-Term investment with a projected 3.43% first-year return on $387k initial cash invested.

3.43%

Cash On Cash

7.46%

Cap Rate

1.21

DSCR

$20,248

Rent

$1,107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$20,248 income − $19,141 expenses = $1,107 cash flow

Income$20,248Mortgage P&I$9,00544%Property Taxes$1,4317%Insurance$6633%HOA$1,1586%Management$2,43012%CapEx$8104%Vacancy$6073%Maintenance$8104%Other$2,22711%Cash Flow$1,107

Investment Breakdown

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Purchase Price

$1756k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$387k

Downpayment

20%

$351k

Closing costs

1%

$17,564

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$20,248

Total Expenses

$19,141

Mortgage P&I

44%

$9,005

Property Taxes

7%

$1,431

Home Insurance

3%

$663

HOA

6%

$1,158

Property Management

12%

$2,430

CapEx

4%

$810

Vacancy

3%

$607

Maintenance

4%

$810

Other

11%

$2,227

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