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94 Bay Lake Dr, Ormond Beach, FL 32174

3 beds • 2 baths • 2014 sqft

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This property looks like a bad Long-Term investment with a projected -10.3% first-year return on $104k initial cash invested.

-10.3%

Cash On Cash

4.01%

Cap Rate

0.69

DSCR

$2,780

Rent

-$892

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$495k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$98,980

Closing costs

1%

$4,949

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,780

Total Expenses

$3,672

Mortgage P&I

87%

$2,407

Property Taxes

9%

$239

Home Insurance

7%

$182

HOA

4%

$121

Property Management

10%

$278

CapEx

5%

$139

Vacancy

6%

$167

Maintenance

5%

$139

Other

0%

$0

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Comparable Property

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$2,850

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