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$9,036 (target)

624 Tortoise Way, Satellite Beach, FL 32937

3 beds • 3 baths • 3483 sqft

$1,513,600

View on Zillow
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This property looks like a bad Mid-Term investment with a projected -12.19% first-year return on $336k initial cash invested.

-12.19%

Cash On Cash

3.65%

Cap Rate

0.6

DSCR

$9,036

Rent

-$3,411

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$9,036 income − $12,447 expenses = $3,411 out of pocket

Income$9,036Out of Pocket$3,411Mortgage P&I$7,65985%Property Taxes$7709%Insurance$5676%HOA$3804%Management$1,08412%CapEx$3614%Vacancy$2713%Maintenance$3614%Other$99411%

Investment Breakdown

|

Purchase Price

$1514k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$336k

Downpayment

20%

$303k

Closing costs

1%

$15,136

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$9,036

Total Expenses

$12,447

Mortgage P&I

85%

$7,659

Property Taxes

9%

$770

Home Insurance

6%

$567

HOA

4%

$380

Property Management

12%

$1,084

CapEx

4%

$361

Vacancy

3%

$271

Maintenance

4%

$361

Other

11%

$994

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