REI Lense

REI Lense

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$2,517 (target)

1340 S Wickham Rd, West Melbourne, FL 32904

3 beds • 2 baths • 2701 sqft

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This property looks like a bad Long-Term investment with a projected -18.66% first-year return on $152k initial cash invested.

-18.66%

Cash On Cash

2.21%

Cap Rate

0.37

DSCR

$2,517

Rent

-$2,368

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,517 income − $4,885 expenses = $2,368 out of pocket

Income$2,517Out of Pocket$2,368Mortgage P&I$3,575142%Property Taxes$40116%Insurance$25410%Management$25210%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

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Purchase Price

$725k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$152k

Downpayment

20%

$145k

Closing costs

1%

$7,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,517

Total Expenses

$4,885

Mortgage P&I

142%

$3,575

Property Taxes

16%

$401

Home Insurance

10%

$254

HOA

0%

$0

Property Management

10%

$252

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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