REI Lense

REI Lense

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$2,506 (target)

1269 Gerry Rd SW, Palm Bay, FL 32908

3 beds • 2 baths • 1566 sqft

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This property looks like a bad Long-Term investment with a projected -0.97% first-year return on $64,512 initial cash invested.

-0.97%

Cash On Cash

6.93%

Cap Rate

1.04

DSCR

$2,506

Rent

-$52

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,506 income − $2,558 expenses = $52 out of pocket

Income$2,506Out of Pocket$52Mortgage P&I$1,70068%Property Taxes$673%Insurance$1406%Management$25110%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

|

Purchase Price

$307k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,512

Downpayment

20%

$61,440

Closing costs

1%

$3,072

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,506

Total Expenses

$2,558

Mortgage P&I

68%

$1,700

Property Taxes

3%

$67

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$251

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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