REI Lense

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$3,284 (target)

1216 41ST Avenue, Vero Beach, FL 32960

3 beds • 2 baths • 1410 sqft

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This property looks like a bad Mid-Term investment with a projected -2% first-year return on $90,408 initial cash invested.

-2%

Cash On Cash

6.51%

Cap Rate

0.99

DSCR

$3,284

Rent

-$151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,284 income − $3,435 expenses = $151 out of pocket

Income$3,284Out of Pocket$151Mortgage P&I$1,89058%Property Taxes$3039%Insurance$1264%Management$39412%CapEx$1314%Vacancy$993%Maintenance$1314%Other$36111%

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,408

Downpayment

20%

$68,960

Closing costs

1%

$3,448

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,284

Total Expenses

$3,435

Mortgage P&I

58%

$1,890

Property Taxes

9%

$303

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$394

CapEx

4%

$131

Vacancy

3%

$99

Maintenance

4%

$131

Other

11%

$361

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