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$3,496 (target)

707 Brookridge Dr, Tallahassee, FL 32305

3 beds • 2 baths • 1740 sqft

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This property might be a fair Mid-Term investment with a projected 1.93% first-year return on $89,505 initial cash invested.

1.93%

Cash On Cash

7.1%

Cap Rate

1.16

DSCR

$3,496

Rent

$144

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,496 income − $3,352 expenses = $144 cash flow

Income$3,496Mortgage P&I$1,73049%Property Taxes$3109%Insurance$1223%Management$42012%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38511%Cash Flow$144

Investment Breakdown

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Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,505

Downpayment

20%

$68,100

Closing costs

1%

$3,405

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,496

Total Expenses

$3,352

Mortgage P&I

49%

$1,730

Property Taxes

9%

$310

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$420

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$385

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