REI Lense

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$1,920 (target)

12505 WEDGEFIELD DRIVE, Grand Island, FL 32735

3 beds • 2 baths • 1269 sqft

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This property looks like a bad Long-Term investment with a projected -9.41% first-year return on $64,134 initial cash invested.

-9.41%

Cash On Cash

4.87%

Cap Rate

0.75

DSCR

$1,920

Rent

-$503

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,920 income − $2,423 expenses = $503 out of pocket

Income$1,920Out of Pocket$503Mortgage P&I$1,64686%Property Taxes$20010%Insurance$684%HOA$101%Management$19210%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

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Purchase Price

$305k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,134

Downpayment

20%

$61,080

Closing costs

1%

$3,054

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,920

Total Expenses

$2,423

Mortgage P&I

86%

$1,646

Property Taxes

10%

$200

Home Insurance

4%

$68

HOA

1%

$10

Property Management

10%

$192

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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