REI Lense

REI Lense

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$2,689 (target)

1107 Citrus Ave NE, Palm Bay, FL 32905

3 beds • 2 baths • 2048 sqft

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This property looks like a bad Long-Term investment with a projected -3.31% first-year return on $81,900 initial cash invested.

-3.31%

Cash On Cash

5.64%

Cap Rate

0.95

DSCR

$2,689

Rent

-$226

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,689 income − $2,915 expenses = $226 out of pocket

Income$2,689Out of Pocket$226Mortgage P&I$1,92472%Property Taxes$1536%Insurance$1365%HOA$4Management$26910%CapEx$1345%Vacancy$1616%Maintenance$1345%

Investment Breakdown

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Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,900

Downpayment

20%

$78,000

Closing costs

1%

$3,900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,689

Total Expenses

$2,915

Mortgage P&I

72%

$1,924

Property Taxes

6%

$153

Home Insurance

5%

$136

HOA

0%

$4

Property Management

10%

$269

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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