REI Lense

REI Lense

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$2,113 (target)

1015 23rd Ave W, Bradenton, FL 34205

3 beds • 2 baths • 1138 sqft

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This property looks like a bad Long-Term investment with a projected -4.67% first-year return on $59,829 initial cash invested.

-4.67%

Cash On Cash

5.45%

Cap Rate

0.91

DSCR

$2,113

Rent

-$233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,113 income − $2,346 expenses = $233 out of pocket

Income$2,113Out of Pocket$233Mortgage P&I$1,42267%Property Taxes$27113%Insurance$1035%Management$21110%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

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Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,829

Downpayment

20%

$56,980

Closing costs

1%

$2,849

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,113

Total Expenses

$2,346

Mortgage P&I

67%

$1,422

Property Taxes

13%

$271

Home Insurance

5%

$103

HOA

0%

$0

Property Management

10%

$211

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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