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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 Mid-Term investment with a projected -3.55% first-year return on $122k initial cash invested.

-3.55%

Cash On Cash

5.34%

Cap Rate

0.92

DSCR

$3,922

Rent

-$361

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$495k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$98,980

Closing costs

1%

$4,949

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,922

Total Expenses

$4,283

Mortgage P&I

61%

$2,407

Property Taxes

6%

$239

Home Insurance

5%

$182

HOA

3%

$121

Property Management

12%

$471

CapEx

4%

$157

Vacancy

3%

$118

Maintenance

4%

$157

Other

11%

$431

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