REI Lense

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$2,426 (target)

823 Creekwood Dr, Ormond Beach, FL 32174

3 beds • 2 baths • 1762 sqft

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This property looks like a bad Long-Term investment with a projected -20.16% first-year return on $113k initial cash invested.

-20.16%

Cash On Cash

2.26%

Cap Rate

0.36

DSCR

$2,426

Rent

-$1,904

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,426 income − $4,330 expenses = $1,904 out of pocket

Income$2,426Out of Pocket$1,904Mortgage P&I$2,798115%Property Taxes$61425%Insurance$1928%HOA$954%Management$24310%CapEx$1215%Vacancy$1466%Maintenance$1215%

Investment Breakdown

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Purchase Price

$540k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$108k

Closing costs

1%

$5,397

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,426

Total Expenses

$4,330

Mortgage P&I

115%

$2,798

Property Taxes

25%

$614

Home Insurance

8%

$192

HOA

4%

$95

Property Management

10%

$243

CapEx

5%

$121

Vacancy

6%

$146

Maintenance

5%

$121

Other

0%

$0

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