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$4,346 (target)

627 ELK RIVER DRIVE, Ormond Beach, FL 32174

3 beds • 2 baths • 2157 sqft

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This property looks like a bad Mid-Term investment with a projected -9.79% first-year return on $135k initial cash invested.

-9.79%

Cash On Cash

4.56%

Cap Rate

0.7

DSCR

$4,346

Rent

-$1,099

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,346 income − $5,445 expenses = $1,099 out of pocket

Income$4,346Out of Pocket$1,099Mortgage P&I$3,03870%Property Taxes$53712%Insurance$2015%HOA$1914%Management$52212%CapEx$1744%Vacancy$1303%Maintenance$1744%Other$47811%

Investment Breakdown

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Purchase Price

$556k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$135k

Downpayment

20%

$111k

Closing costs

1%

$5,555

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,346

Total Expenses

$5,445

Mortgage P&I

70%

$3,038

Property Taxes

12%

$537

Home Insurance

5%

$201

HOA

4%

$191

Property Management

12%

$522

CapEx

4%

$174

Vacancy

3%

$130

Maintenance

4%

$174

Other

11%

$478

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