REI Lense

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$5,522 (target)

10505 WICKER PARK PLACE, Palmetto, FL 34221

3 beds • 3 baths • 2275 sqft

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This property looks like a bad Mid-Term investment with a projected -13.59% first-year return on $203k initial cash invested.

-13.59%

Cash On Cash

3.2%

Cap Rate

0.53

DSCR

$5,522

Rent

-$2,297

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,522 income − $7,819 expenses = $2,297 out of pocket

Income$5,522Out of Pocket$2,297Mortgage P&I$4,42080%Property Taxes$69313%Insurance$3086%HOA$5209%Management$66312%CapEx$2214%Vacancy$1663%Maintenance$2214%Other$60711%

Investment Breakdown

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Purchase Price

$880k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$203k

Downpayment

20%

$176k

Closing costs

1%

$8,799

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,522

Total Expenses

$7,819

Mortgage P&I

80%

$4,420

Property Taxes

13%

$693

Home Insurance

6%

$308

HOA

9%

$520

Property Management

12%

$663

CapEx

4%

$221

Vacancy

3%

$166

Maintenance

4%

$221

Other

11%

$607

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