REI Lense

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$3,248 (target)

1029 NE 9th Avenue, Fort Lauderdale, FL 33304

3 beds • 2 baths • 1278 sqft

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This property looks like a bad Long-Term investment with a projected -15.6% first-year return on $122k initial cash invested.

-15.6%

Cash On Cash

3.06%

Cap Rate

0.51

DSCR

$3,248

Rent

-$1,589

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,248 income − $4,837 expenses = $1,589 out of pocket

Income$3,248Out of Pocket$1,589Mortgage P&I$2,91190%Property Taxes$87427%Insurance$2086%Management$32510%CapEx$1625%Vacancy$1956%Maintenance$1625%

Investment Breakdown

|

Purchase Price

$582k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$116k

Closing costs

1%

$5,819

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,248

Total Expenses

$4,837

Mortgage P&I

90%

$2,911

Property Taxes

27%

$874

Home Insurance

6%

$208

HOA

0%

$0

Property Management

10%

$325

CapEx

5%

$162

Vacancy

6%

$195

Maintenance

5%

$162

Other

0%

$0

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