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$7,413 (target)

7653 NW 70th Avenue, Parkland, FL 33067

3 beds • 2 baths • 1848 sqft

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This property might be a fair Mid-Term investment with a projected 2.28% first-year return on $176k initial cash invested.

2.28%

Cash On Cash

6.76%

Cap Rate

1.17

DSCR

$7,413

Rent

$334

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,413 income − $7,079 expenses = $334 cash flow

Income$7,413Mortgage P&I$3,60949%Property Taxes$4386%Insurance$2714%HOA$2403%Management$89012%CapEx$2974%Vacancy$2223%Maintenance$2974%Other$81511%Cash Flow$334

Investment Breakdown

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Purchase Price

$753k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$176k

Downpayment

20%

$151k

Closing costs

1%

$7,532

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$7,413

Total Expenses

$7,079

Mortgage P&I

49%

$3,609

Property Taxes

6%

$438

Home Insurance

4%

$271

HOA

3%

$240

Property Management

12%

$890

CapEx

4%

$297

Vacancy

3%

$222

Maintenance

4%

$297

Other

11%

$815

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