REI Lense

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$2,992 (target)

915 Brookridge Ln, Ormond Beach, FL 32174

3 beds • 2 baths • 1607 sqft

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This property looks like a bad Long-Term investment with a projected -5.11% first-year return on $86,268 initial cash invested.

-5.11%

Cash On Cash

5.35%

Cap Rate

0.89

DSCR

$2,992

Rent

-$367

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,992 income − $3,359 expenses = $367 out of pocket

Income$2,992Out of Pocket$367Mortgage P&I$2,04868%Property Taxes$2629%Insurance$1495%HOA$1214%Management$29910%CapEx$1505%Vacancy$1806%Maintenance$1505%

Investment Breakdown

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Purchase Price

$411k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,268

Downpayment

20%

$82,160

Closing costs

1%

$4,108

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,992

Total Expenses

$3,359

Mortgage P&I

68%

$2,048

Property Taxes

9%

$262

Home Insurance

5%

$149

HOA

4%

$121

Property Management

10%

$299

CapEx

5%

$150

Vacancy

6%

$180

Maintenance

5%

$150

Other

0%

$0

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