REI Lense

REI Lense

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$3,066 (target)

120 Nesbitt St NE, Palm Bay, FL 32907

3 beds • 2 baths • 1672 sqft

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This property looks like a bad Mid-Term investment with a projected -9.61% first-year return on $115k initial cash invested.

-9.61%

Cash On Cash

3.98%

Cap Rate

0.66

DSCR

$3,066

Rent

-$920

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,066 income − $3,986 expenses = $920 out of pocket

Income$3,066Out of Pocket$920Mortgage P&I$2,32776%Property Taxes$45015%Insurance$1665%Management$36812%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33711%

Investment Breakdown

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Purchase Price

$462k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,300

Closing costs

1%

$4,615

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,066

Total Expenses

$3,986

Mortgage P&I

76%

$2,327

Property Taxes

15%

$450

Home Insurance

5%

$166

HOA

0%

$0

Property Management

12%

$368

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$337

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