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$3,968 (target)

7384 Granada Way, Margate, FL 33063

3 beds • 2 baths • 1304 sqft

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This property looks like a bad Mid-Term investment with a projected -15.65% first-year return on $114k initial cash invested.

-15.65%

Cash On Cash

2.92%

Cap Rate

0.46

DSCR

$3,968

Rent

-$1,486

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,968 income − $5,454 expenses = $1,486 out of pocket

Income$3,968Out of Pocket$1,486Mortgage P&I$2,43761%Property Taxes$1,47937%Insurance$1634%HOA$261%Management$47612%CapEx$1594%Vacancy$1193%Maintenance$1594%Other$43611%

Investment Breakdown

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Purchase Price

$457k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,360

Closing costs

1%

$4,568

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,968

Total Expenses

$5,454

Mortgage P&I

61%

$2,437

Property Taxes

37%

$1,479

Home Insurance

4%

$163

HOA

1%

$26

Property Management

12%

$476

CapEx

4%

$159

Vacancy

3%

$119

Maintenance

4%

$159

Other

11%

$436

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