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$4,875 (target)

9 Sea Gull Dr, Ormond Beach, FL 32176

3 beds • 2 baths • 1468 sqft

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This property looks like a bad Mid-Term investment with a projected -0.38% first-year return on $123k initial cash invested.

-0.38%

Cash On Cash

6.98%

Cap Rate

1.06

DSCR

$4,875

Rent

-$39

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,875 income − $4,914 expenses = $39 out of pocket

Income$4,875Out of Pocket$39Mortgage P&I$2,75957%Property Taxes$3146%Insurance$1844%Management$58512%CapEx$1954%Vacancy$1463%Maintenance$1954%Other$53611%

Investment Breakdown

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Purchase Price

$501k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$100k

Closing costs

1%

$5,011

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,875

Total Expenses

$4,914

Mortgage P&I

57%

$2,759

Property Taxes

6%

$314

Home Insurance

4%

$184

HOA

0%

$0

Property Management

12%

$585

CapEx

4%

$195

Vacancy

3%

$146

Maintenance

4%

$195

Other

11%

$536

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