REI Lense

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$2,620 (target)

1130 S WAPELLO STREET, North Port, FL 34286

3 beds • 2 baths • 1192 sqft

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This property might be a fair Mid-Term investment with a projected 3% first-year return on $67,266 initial cash invested.

3%

Cash On Cash

7.89%

Cap Rate

1.22

DSCR

$2,620

Rent

$168

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,620 income − $2,452 expenses = $168 cash flow

Income$2,620Mortgage P&I$1,26948%Property Taxes$2088%Insurance$843%Management$31412%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28811%Cash Flow$168

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,266

Downpayment

20%

$46,920

Closing costs

1%

$2,346

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,620

Total Expenses

$2,452

Mortgage P&I

48%

$1,269

Property Taxes

8%

$208

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$314

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$288

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