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$4,440 (target)

705 Merrimac Dr, Port Orange, FL 32127

3 beds • 3 baths • 1755 sqft

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This property could be a profitable Mid-Term investment with a projected 11.4% first-year return on $91,983 initial cash invested.

11.4%

Cash On Cash

9.61%

Cap Rate

1.6

DSCR

$4,440

Rent

$874

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,440 income − $3,566 expenses = $874 cash flow

Income$4,440Mortgage P&I$1,76840%Property Taxes$1553%Insurance$1333%Management$53312%CapEx$1784%Vacancy$1333%Maintenance$1784%Other$48811%Cash Flow$874

Investment Breakdown

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Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,983

Downpayment

20%

$70,460

Closing costs

1%

$3,523

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,440

Total Expenses

$3,566

Mortgage P&I

40%

$1,768

Property Taxes

3%

$155

Home Insurance

3%

$133

HOA

0%

$0

Property Management

12%

$533

CapEx

4%

$178

Vacancy

3%

$133

Maintenance

4%

$178

Other

11%

$488

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