REI Lense

REI Lense

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$2,189 (target)

1216 41ST Avenue, Vero Beach, FL 32960

3 beds • 2 baths • 1410 sqft

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This property looks like a bad Long-Term investment with a projected -11.57% first-year return on $72,408 initial cash invested.

-11.57%

Cash On Cash

4.53%

Cap Rate

0.69

DSCR

$2,189

Rent

-$698

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,189 income − $2,887 expenses = $698 out of pocket

Income$2,189Out of Pocket$698Mortgage P&I$1,89086%Property Taxes$30314%Insurance$1266%Management$21910%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,408

Downpayment

20%

$68,960

Closing costs

1%

$3,448

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,189

Total Expenses

$2,887

Mortgage P&I

86%

$1,890

Property Taxes

14%

$303

Home Insurance

6%

$126

HOA

0%

$0

Property Management

10%

$219

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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