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$3,500 (target)

924 Shalimar Point Dr, Shalimar, FL 32579

3 beds • 2 baths • 1737 sqft

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This property looks like a bad Mid-Term investment with a projected -3.69% first-year return on $105k initial cash invested.

-3.69%

Cash On Cash

5.57%

Cap Rate

0.91

DSCR

$3,500

Rent

-$323

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,500 income − $3,823 expenses = $323 out of pocket

Income$3,500Out of Pocket$323Mortgage P&I$2,11060%Property Taxes$37811%Insurance$1454%Management$42012%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38511%

Investment Breakdown

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Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$83,000

Closing costs

1%

$4,150

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,500

Total Expenses

$3,823

Mortgage P&I

60%

$2,110

Property Taxes

11%

$378

Home Insurance

4%

$145

HOA

0%

$0

Property Management

12%

$420

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$385

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