REI Lense

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$6,218 (target)

139 N PALMETTO AVENUE, Flagler Beach, FL 32136

3 beds • 3 baths • 2826 sqft

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This property looks like a bad Mid-Term investment with a projected -4.38% first-year return on $168k initial cash invested.

-4.38%

Cash On Cash

5.51%

Cap Rate

0.9

DSCR

$6,218

Rent

-$613

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,218 income − $6,831 expenses = $613 out of pocket

Income$6,218Out of Pocket$613Mortgage P&I$3,64859%Property Taxes$85814%Insurance$2103%Management$74612%CapEx$2494%Vacancy$1873%Maintenance$2494%Other$68411%

Investment Breakdown

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Purchase Price

$715k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$168k

Downpayment

20%

$143k

Closing costs

1%

$7,148

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$6,218

Total Expenses

$6,831

Mortgage P&I

59%

$3,648

Property Taxes

14%

$858

Home Insurance

3%

$210

HOA

0%

$0

Property Management

12%

$746

CapEx

4%

$249

Vacancy

3%

$187

Maintenance

4%

$249

Other

11%

$684

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