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$5,440 (target)

844 PATTERSON DRIVE, Sarasota, FL 34234

3 beds • 2 baths • 1348 sqft

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This property looks like a bad Mid-Term investment with a projected -3.66% first-year return on $147k initial cash invested.

-3.66%

Cash On Cash

6.1%

Cap Rate

0.93

DSCR

$5,440

Rent

-$450

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,440 income − $5,890 expenses = $450 out of pocket

Income$5,440Out of Pocket$450Mortgage P&I$3,36262%Property Taxes$4508%Insurance$2284%Management$65312%CapEx$2184%Vacancy$1633%Maintenance$2184%Other$59811%

Investment Breakdown

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Purchase Price

$616k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$147k

Downpayment

20%

$123k

Closing costs

1%

$6,160

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,440

Total Expenses

$5,890

Mortgage P&I

62%

$3,362

Property Taxes

8%

$450

Home Insurance

4%

$228

HOA

0%

$0

Property Management

12%

$653

CapEx

4%

$218

Vacancy

3%

$163

Maintenance

4%

$218

Other

11%

$598

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