Turn Key Rental Property In Florida

TURN KEY RENTAL PROPERTY

PORT ST LUCIE, FLORIDA

3 Bedroom 2 Bathroom House

Purchase Price: $175,000

Rents For: $1,350 per month

 

INVESTMENT

Down Payment (20%)  $35,000

Closing Costs $4,000

Initial Investment $39,000

MONTHLY CASH FLOW CALCULATION

Gross Rental Income Per Month $1,350

Principal & Interest Expense $770

Property Taxes Monthly $190

Insurance Monthly $100

Property Management Fee $135

Monthly Cash Flow $155

ANNUAL CASH FLOW $1,860

ESTIMATED ADDITIONAL EXPENSES

Estimated Annual Maintenance (5%) $800

Estimated Annual Vacancy (5%) $800

Total Additional Expenses $1,600

RETURN ON INVESTMENT

NET ANNUAL CASH FLOW $260

ESTIMATED TAX SAVINGS PER YEAR $1,700

ESTIMATED ANNUAL PRINCIPAL PAY DOWN $1,974

TOTAL NET ANNUAL RETURN $3,934

TOTAL INITIAL INVESTMENT $39,000

TOTAL RETURN ON INVESTMENT 10.08%  

 

 

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