REI Lense

REI Lense

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$3,456 (target)

1003 Castile Rd SE, Palm Bay, FL 32909

3 beds • 2 baths • 1542 sqft

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This property looks like a bad Mid-Term investment with a projected -2.97% first-year return on $105k initial cash invested.

-2.97%

Cash On Cash

5.58%

Cap Rate

0.94

DSCR

$3,456

Rent

-$260

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,456 income − $3,716 expenses = $260 out of pocket

Income$3,456Out of Pocket$260Mortgage P&I$2,04959%Property Taxes$3089%Insurance$1845%Management$41512%CapEx$1384%Vacancy$1043%Maintenance$1384%Other$38011%

Investment Breakdown

|

Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,900

Closing costs

1%

$4,145

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,456

Total Expenses

$3,716

Mortgage P&I

59%

$2,049

Property Taxes

9%

$308

Home Insurance

5%

$184

HOA

0%

$0

Property Management

12%

$415

CapEx

4%

$138

Vacancy

3%

$104

Maintenance

4%

$138

Other

11%

$380

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