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816 Queen Palm Ln, Sarasota, FL 34243

3 beds • 2 baths • 1484 sqft

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This property looks like a bad Long-Term investment with a projected -10.27% first-year return on $85,890 initial cash invested.

-10.27%

Cash On Cash

4%

Cap Rate

0.69

DSCR

$2,324

Rent

-$735

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$409k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,890

Downpayment

20%

$81,800

Closing costs

1%

$4,090

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,324

Total Expenses

$3,059

Mortgage P&I

85%

$1,983

Property Taxes

14%

$330

Home Insurance

6%

$143

HOA

0%

$0

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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