REI Lense

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$3,314 (target)

1112 Morningside Ct, Tallahassee, FL 32301

3 beds • 3 baths • 1646 sqft

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This property looks like a bad Mid-Term investment with a projected -0.25% first-year return on $89,820 initial cash invested.

-0.25%

Cash On Cash

6.8%

Cap Rate

1.06

DSCR

$3,314

Rent

-$19

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,314 income − $3,333 expenses = $19 out of pocket

Income$3,314Out of Pocket$19Mortgage P&I$1,82455%Property Taxes$2598%Insurance$1224%Management$39812%CapEx$1334%Vacancy$993%Maintenance$1334%Other$36511%

Investment Breakdown

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Purchase Price

$342k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,820

Downpayment

20%

$68,400

Closing costs

1%

$3,420

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,314

Total Expenses

$3,333

Mortgage P&I

55%

$1,824

Property Taxes

8%

$259

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$398

CapEx

4%

$133

Vacancy

3%

$99

Maintenance

4%

$133

Other

11%

$365

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