REI Lense

REI Lense

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$1,644 (target)

1470 Carolina Ave, Mulberry, FL 33860

3 beds • 2 baths • 1443 sqft

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This property looks like a bad Long-Term investment with a projected -11.77% first-year return on $62,990 initial cash invested.

-11.77%

Cash On Cash

3.88%

Cap Rate

0.64

DSCR

$1,644

Rent

-$618

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,644 income − $2,262 expenses = $618 out of pocket

Income$1,644Out of Pocket$618Mortgage P&I$1,50592%Property Taxes$22514%Insurance$1056%Management$16410%CapEx$825%Vacancy$996%Maintenance$825%

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,990

Downpayment

20%

$59,990

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,644

Total Expenses

$2,262

Mortgage P&I

92%

$1,505

Property Taxes

14%

$225

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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