REI Lense

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$1,774 (target)

1001 Happiness Avenue SW, Palm Bay, FL 32908

3 beds • 2 baths • 1294 sqft

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This property looks like a bad Long-Term investment with a projected -14.04% first-year return on $75,894 initial cash invested.

-14.04%

Cash On Cash

3.31%

Cap Rate

0.56

DSCR

$1,774

Rent

-$888

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,774 income − $2,662 expenses = $888 out of pocket

Income$1,774Out of Pocket$888Mortgage P&I$1,797101%Property Taxes$27415%Insurance$1307%Management$17710%CapEx$895%Vacancy$1066%Maintenance$895%

Investment Breakdown

|

Purchase Price

$361k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,894

Downpayment

20%

$72,280

Closing costs

1%

$3,614

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,774

Total Expenses

$2,662

Mortgage P&I

101%

$1,797

Property Taxes

15%

$274

Home Insurance

7%

$130

HOA

0%

$0

Property Management

10%

$177

CapEx

5%

$89

Vacancy

6%

$106

Maintenance

5%

$89

Other

0%

$0

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