REI Lense

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$3,116 (target)

1415 SW 16th Ct Court SW, Vero Beach, FL 32962

3 beds • 2 baths • 1344 sqft

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This property might be a fair Mid-Term investment with a projected 5.45% first-year return on $72,495 initial cash invested.

5.45%

Cash On Cash

8.23%

Cap Rate

1.34

DSCR

$3,116

Rent

$329

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,116 income − $2,787 expenses = $329 cash flow

Income$3,116Mortgage P&I$1,32643%Property Taxes$30810%Insurance$933%Management$37412%CapEx$1254%Vacancy$933%Maintenance$1254%Other$34311%Cash Flow$329

Investment Breakdown

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Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,495

Downpayment

20%

$51,900

Closing costs

1%

$2,595

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,116

Total Expenses

$2,787

Mortgage P&I

43%

$1,326

Property Taxes

10%

$308

Home Insurance

3%

$93

HOA

0%

$0

Property Management

12%

$374

CapEx

4%

$125

Vacancy

3%

$93

Maintenance

4%

$125

Other

11%

$343

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