REI Lense

REI Lense

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$2,324 (target)

1300 Arlington Cir, Merritt Island, FL 32952

3 beds • 2 baths • 1182 sqft

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This property looks like a bad Long-Term investment with a projected -1.83% first-year return on $68,880 initial cash invested.

-1.83%

Cash On Cash

5.92%

Cap Rate

1.01

DSCR

$2,324

Rent

-$105

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,324 income − $2,429 expenses = $105 out of pocket

Income$2,324Out of Pocket$105Mortgage P&I$1,60769%Property Taxes$1044%Insurance$1155%Management$23210%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

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Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,880

Downpayment

20%

$65,600

Closing costs

1%

$3,280

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,324

Total Expenses

$2,429

Mortgage P&I

69%

$1,607

Property Taxes

4%

$104

Home Insurance

5%

$115

HOA

0%

$0

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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