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$5,838 (target)

74 COVINGTON LANE, Palm Coast, FL 32137

3 beds • 3 baths • 2917 sqft

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This property looks like a bad Mid-Term investment with a projected -2.34% first-year return on $152k initial cash invested.

-2.34%

Cash On Cash

6.39%

Cap Rate

0.98

DSCR

$5,838

Rent

-$296

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,838 income − $6,134 expenses = $296 out of pocket

Income$5,838Out of Pocket$296Mortgage P&I$3,45659%Property Taxes$4568%Insurance$2364%Management$70112%CapEx$2344%Vacancy$1753%Maintenance$2344%Other$64211%

Investment Breakdown

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Purchase Price

$638k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$152k

Downpayment

20%

$128k

Closing costs

1%

$6,377

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,838

Total Expenses

$6,134

Mortgage P&I

59%

$3,456

Property Taxes

8%

$456

Home Insurance

4%

$236

HOA

0%

$0

Property Management

12%

$701

CapEx

4%

$234

Vacancy

3%

$175

Maintenance

4%

$234

Other

11%

$642

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