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$5,548 (target)

621 SW 56th Avenue, Margate, FL 33068

3 beds • 3 baths • 1340 sqft

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This property might be a fair Mid-Term investment with a projected 6.88% first-year return on $117k initial cash invested.

6.88%

Cash On Cash

8.11%

Cap Rate

1.39

DSCR

$5,548

Rent

$669

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,548 income − $4,879 expenses = $669 cash flow

Income$5,548Mortgage P&I$2,28841%Property Taxes$53910%Insurance$1663%Management$66612%CapEx$2224%Vacancy$1663%Maintenance$2224%Other$61011%Cash Flow$669

Investment Breakdown

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Purchase Price

$470k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,060

Closing costs

1%

$4,703

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,548

Total Expenses

$4,879

Mortgage P&I

41%

$2,288

Property Taxes

10%

$539

Home Insurance

3%

$166

HOA

0%

$0

Property Management

12%

$666

CapEx

4%

$222

Vacancy

3%

$166

Maintenance

4%

$222

Other

11%

$610

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