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$3,627 (target)

844 PATTERSON DRIVE, Sarasota, FL 34234

3 beds • 2 baths • 1348 sqft

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This property looks like a bad Long-Term investment with a projected -12.58% first-year return on $129k initial cash invested.

-12.58%

Cash On Cash

4.26%

Cap Rate

0.65

DSCR

$3,627

Rent

-$1,356

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,627 income − $4,983 expenses = $1,356 out of pocket

Income$3,627Out of Pocket$1,356Mortgage P&I$3,36293%Property Taxes$45012%Insurance$2286%Management$36310%CapEx$1815%Vacancy$2186%Maintenance$1815%

Investment Breakdown

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Purchase Price

$616k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$123k

Closing costs

1%

$6,160

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,627

Total Expenses

$4,983

Mortgage P&I

93%

$3,362

Property Taxes

12%

$450

Home Insurance

6%

$228

HOA

0%

$0

Property Management

10%

$363

CapEx

5%

$181

Vacancy

6%

$218

Maintenance

5%

$181

Other

0%

$0

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