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$4,550 (target)

7517 38th Street Cir E, Sarasota, FL 34243

3 beds • 2 baths • 1316 sqft

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This property might be a fair Mid-Term investment with a projected 10% first-year return on $98,325 initial cash invested.

10%

Cash On Cash

9.15%

Cap Rate

1.52

DSCR

$4,550

Rent

$819

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,550 income − $3,731 expenses = $819 cash flow

Income$4,550Mortgage P&I$1,91542%Property Taxes$1153%Insurance$1403%HOA$15Management$54612%CapEx$1824%Vacancy$1363%Maintenance$1824%Other$50011%Cash Flow$819

Investment Breakdown

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Purchase Price

$383k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,325

Downpayment

20%

$76,500

Closing costs

1%

$3,825

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,550

Total Expenses

$3,731

Mortgage P&I

42%

$1,915

Property Taxes

3%

$115

Home Insurance

3%

$140

HOA

0%

$15

Property Management

12%

$546

CapEx

4%

$182

Vacancy

3%

$136

Maintenance

4%

$182

Other

11%

$500

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