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$4,488 (target)

915 Brookridge Ln, Ormond Beach, FL 32174

3 beds • 2 baths • 1607 sqft

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This property might be a fair Mid-Term investment with a projected 4.37% first-year return on $104k initial cash invested.

4.37%

Cash On Cash

7.62%

Cap Rate

1.27

DSCR

$4,488

Rent

$380

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,488 income − $4,108 expenses = $380 cash flow

Income$4,488Mortgage P&I$2,04846%Property Taxes$2626%Insurance$1493%HOA$1213%Management$53912%CapEx$1804%Vacancy$1353%Maintenance$1804%Other$49411%Cash Flow$380

Investment Breakdown

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Purchase Price

$411k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,160

Closing costs

1%

$4,108

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,488

Total Expenses

$4,108

Mortgage P&I

46%

$2,048

Property Taxes

6%

$262

Home Insurance

3%

$149

HOA

3%

$121

Property Management

12%

$539

CapEx

4%

$180

Vacancy

3%

$135

Maintenance

4%

$180

Other

11%

$494

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