REI Lense

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$4,034 (target)

1107 Citrus Ave NE, Palm Bay, FL 32905

3 beds • 2 baths • 2048 sqft

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This property might be a fair Mid-Term investment with a projected 5.36% first-year return on $99,900 initial cash invested.

5.36%

Cash On Cash

7.79%

Cap Rate

1.32

DSCR

$4,034

Rent

$446

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,034 income − $3,588 expenses = $446 cash flow

Income$4,034Mortgage P&I$1,92448%Property Taxes$1534%Insurance$1363%HOA$4Management$48412%CapEx$1614%Vacancy$1213%Maintenance$1614%Other$44411%Cash Flow$446

Investment Breakdown

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Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,900

Downpayment

20%

$78,000

Closing costs

1%

$3,900

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,034

Total Expenses

$3,588

Mortgage P&I

48%

$1,924

Property Taxes

4%

$153

Home Insurance

3%

$136

HOA

0%

$4

Property Management

12%

$484

CapEx

4%

$161

Vacancy

3%

$121

Maintenance

4%

$161

Other

11%

$444

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