REI Lense

REI Lense

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$2,010 (target)

1136 Lamplighter Dr NW, Palm Bay, FL 32907

3 beds • 2 baths • 1480 sqft

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This property looks like a bad Long-Term investment with a projected -10.47% first-year return on $64,848 initial cash invested.

-10.47%

Cash On Cash

4.65%

Cap Rate

0.72

DSCR

$2,010

Rent

-$566

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,010 income − $2,576 expenses = $566 out of pocket

Income$2,010Out of Pocket$566Mortgage P&I$1,66283%Property Taxes$32416%Insurance$683%Management$20110%CapEx$1005%Vacancy$1216%Maintenance$1005%

Investment Breakdown

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Purchase Price

$309k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,848

Downpayment

20%

$61,760

Closing costs

1%

$3,088

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,010

Total Expenses

$2,576

Mortgage P&I

83%

$1,662

Property Taxes

16%

$324

Home Insurance

3%

$68

HOA

0%

$0

Property Management

10%

$201

CapEx

5%

$100

Vacancy

6%

$121

Maintenance

5%

$100

Other

0%

$0

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