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$1,947 (target)

709 NW PALM DRIVE, Lake City, FL 32055

3 beds • 2 baths • 1928 sqft

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This property looks like a bad Mid-Term investment with a projected -5.16% first-year return on $60,966 initial cash invested.

-5.16%

Cash On Cash

5.63%

Cap Rate

0.84

DSCR

$1,947

Rent

-$262

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,947 income − $2,209 expenses = $262 out of pocket

Income$1,947Out of Pocket$262Mortgage P&I$1,14459%Property Taxes$34718%Insurance$563%Management$23412%CapEx$784%Vacancy$583%Maintenance$784%Other$21411%

Investment Breakdown

|

Purchase Price

$205k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,966

Downpayment

20%

$40,920

Closing costs

1%

$2,046

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$1,947

Total Expenses

$2,209

Mortgage P&I

59%

$1,144

Property Taxes

18%

$347

Home Insurance

3%

$56

HOA

0%

$0

Property Management

12%

$234

CapEx

4%

$78

Vacancy

3%

$58

Maintenance

4%

$78

Other

11%

$214

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