REI Lense

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$4,872 (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 Mid-Term investment with a projected -6.66% first-year return on $140k initial cash invested.

-6.66%

Cash On Cash

4.8%

Cap Rate

0.8

DSCR

$4,872

Rent

-$778

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,872 income − $5,650 expenses = $778 out of pocket

Income$4,872Out of Pocket$778Mortgage P&I$2,91160%Property Taxes$87418%Insurance$2084%Management$58512%CapEx$1954%Vacancy$1463%Maintenance$1954%Other$53611%

Investment Breakdown

|

Purchase Price

$582k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$116k

Closing costs

1%

$5,819

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,872

Total Expenses

$5,650

Mortgage P&I

60%

$2,911

Property Taxes

18%

$874

Home Insurance

4%

$208

HOA

0%

$0

Property Management

12%

$585

CapEx

4%

$195

Vacancy

3%

$146

Maintenance

4%

$195

Other

11%

$536

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