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$4,826 (target)

7409 Michigan Isle Road, Lake Worth, FL 33467

3 beds • 2 baths • 1710 sqft

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This property looks like a bad Mid-Term investment with a projected -3.27% first-year return on $121k initial cash invested.

-3.27%

Cash On Cash

5.67%

Cap Rate

0.94

DSCR

$4,826

Rent

-$329

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,826 income − $5,155 expenses = $329 out of pocket

Income$4,826Out of Pocket$329Mortgage P&I$2,45351%Property Taxes$72615%Insurance$1754%HOA$1603%Management$57912%CapEx$1934%Vacancy$1453%Maintenance$1934%Other$53111%

Investment Breakdown

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Purchase Price

$490k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$98,000

Closing costs

1%

$4,900

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,826

Total Expenses

$5,155

Mortgage P&I

51%

$2,453

Property Taxes

15%

$726

Home Insurance

4%

$175

HOA

3%

$160

Property Management

12%

$579

CapEx

4%

$193

Vacancy

3%

$145

Maintenance

4%

$193

Other

11%

$531

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