REI Lense

REI Lense

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$4,530 (target)

1202 Essex Drive, Wellington, FL 33414

3 beds • 2 baths • 1865 sqft

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This property looks like a bad Long-Term investment with a projected -6.11% first-year return on $123k initial cash invested.

-6.11%

Cash On Cash

5.27%

Cap Rate

0.87

DSCR

$4,530

Rent

-$626

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,530 income − $5,156 expenses = $626 out of pocket

Income$4,530Out of Pocket$626Mortgage P&I$2,97066%Property Taxes$79918%Insurance$2105%Management$45310%CapEx$2265%Vacancy$2726%Maintenance$2265%

Investment Breakdown

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Purchase Price

$585k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$117k

Closing costs

1%

$5,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,530

Total Expenses

$5,156

Mortgage P&I

66%

$2,970

Property Taxes

18%

$799

Home Insurance

5%

$210

HOA

0%

$0

Property Management

10%

$453

CapEx

5%

$226

Vacancy

6%

$272

Maintenance

5%

$226

Other

0%

$0

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