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8 Gale Ln, Ormond Beach, FL 32174

3 beds • 2 baths • 2113 sqft

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This property looks like a bad Long-Term investment with a projected -12.91% first-year return on $111k initial cash invested.

-12.91%

Cash On Cash

3.38%

Cap Rate

0.58

DSCR

$2,553

Rent

-$1,197

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$530k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$106k

Closing costs

1%

$5,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,553

Total Expenses

$3,750

Mortgage P&I

100%

$2,562

Property Taxes

9%

$217

Home Insurance

7%

$186

HOA

5%

$121

Property Management

10%

$255

CapEx

5%

$128

Vacancy

6%

$153

Maintenance

5%

$128

Other

0%

$0

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