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$4,600 (target)

812 S Fletcher Ave, Fernandina Beach, FL 32034

3 beds • 2 baths • 1686 sqft

$2,700,000

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This property looks like a bad Mid-Term investment with a projected -30.85% first-year return on $585k initial cash invested.

-30.85%

Cash On Cash

0.03%

Cap Rate

0

DSCR

$4,600

Rent

-$15,039

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,600 income − $19,639 expenses = $15,039 out of pocket

Income$4,600Out of Pocket$15,039Mortgage P&I$14,919324%Property Taxes$2,21148%Insurance$94521%Management$55212%CapEx$1844%Vacancy$1383%Maintenance$1844%Other$50611%

Investment Breakdown

|

Purchase Price

$2700k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$585k

Downpayment

20%

$540k

Closing costs

1%

$27,000

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,600

Total Expenses

$19,639

Mortgage P&I

324%

$14,919

Property Taxes

48%

$2,211

Home Insurance

21%

$945

HOA

0%

$0

Property Management

12%

$552

CapEx

4%

$184

Vacancy

3%

$138

Maintenance

4%

$184

Other

11%

$506

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