REI Lense

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$4,800 (target)

13676 Cortez Drive, Delray Beach, FL 33484

3 beds • 2 baths • 1330 sqft

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This property looks like a bad Mid-Term investment with a projected -0.19% first-year return on $107k initial cash invested.

-0.19%

Cash On Cash

7.13%

Cap Rate

1.07

DSCR

$4,800

Rent

-$17

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,800 income − $4,817 expenses = $17 out of pocket

Income$4,800Out of Pocket$17Mortgage P&I$2,34849%Property Taxes$49810%Insurance$1493%HOA$1904%Management$57612%CapEx$1924%Vacancy$1443%Maintenance$1924%Other$52811%

Investment Breakdown

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Purchase Price

$425k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,980

Closing costs

1%

$4,249

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,800

Total Expenses

$4,817

Mortgage P&I

49%

$2,348

Property Taxes

10%

$498

Home Insurance

3%

$149

HOA

4%

$190

Property Management

12%

$576

CapEx

4%

$192

Vacancy

3%

$144

Maintenance

4%

$192

Other

11%

$528

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