REI Lense

REI Lense

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$3,396 (target)

118 Peninsula Winds Dr, Ormond Beach, FL 32176

3 beds • 2 baths • 1942 sqft

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This property looks like a bad Long-Term investment with a projected -6.44% first-year return on $97,062 initial cash invested.

-6.44%

Cash On Cash

5.47%

Cap Rate

0.86

DSCR

$3,396

Rent

-$521

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,396 income − $3,917 expenses = $521 out of pocket

Income$3,396Out of Pocket$521Mortgage P&I$2,45772%Property Taxes$40612%Insurance$1705%Management$34010%CapEx$1705%Vacancy$2046%Maintenance$1705%

Investment Breakdown

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Purchase Price

$462k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,062

Downpayment

20%

$92,440

Closing costs

1%

$4,622

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,396

Total Expenses

$3,917

Mortgage P&I

72%

$2,457

Property Taxes

12%

$406

Home Insurance

5%

$170

HOA

0%

$0

Property Management

10%

$340

CapEx

5%

$170

Vacancy

6%

$204

Maintenance

5%

$170

Other

0%

$0

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