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$6,024 (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 Long-Term investment with a projected -18.56% first-year return on $318k initial cash invested.

-18.56%

Cash On Cash

2.41%

Cap Rate

0.4

DSCR

$6,024

Rent

-$4,917

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,024 income − $10,941 expenses = $4,917 out of pocket

Income$6,024Out of Pocket$4,917Mortgage P&I$7,659127%Property Taxes$77013%Insurance$5679%HOA$3806%Management$60210%CapEx$3015%Vacancy$3616%Maintenance$3015%

Investment Breakdown

|

Purchase Price

$1514k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$318k

Downpayment

20%

$303k

Closing costs

1%

$15,136

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$6,024

Total Expenses

$10,941

Mortgage P&I

127%

$7,659

Property Taxes

13%

$770

Home Insurance

9%

$567

HOA

6%

$380

Property Management

10%

$602

CapEx

5%

$301

Vacancy

6%

$361

Maintenance

5%

$301

Other

0%

$0

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