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$3,639 (target)

823 Creekwood Dr, Ormond Beach, FL 32174

3 beds • 2 baths • 1762 sqft

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This property looks like a bad Mid-Term investment with a projected -11.86% first-year return on $131k initial cash invested.

-11.86%

Cash On Cash

3.66%

Cap Rate

0.59

DSCR

$3,639

Rent

-$1,298

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,639 income − $4,937 expenses = $1,298 out of pocket

Income$3,639Out of Pocket$1,298Mortgage P&I$2,79877%Property Taxes$61417%Insurance$1925%HOA$953%Management$43712%CapEx$1464%Vacancy$1093%Maintenance$1464%Other$40011%

Investment Breakdown

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Purchase Price

$540k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$108k

Closing costs

1%

$5,397

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,639

Total Expenses

$4,937

Mortgage P&I

77%

$2,798

Property Taxes

17%

$614

Home Insurance

5%

$192

HOA

3%

$95

Property Management

12%

$437

CapEx

4%

$146

Vacancy

3%

$109

Maintenance

4%

$146

Other

11%

$400

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