REI Lense

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$2,892 (target)

149 Archer Ave, Lake Alfred, FL 33850

3 beds • 2 baths • 1695 sqft

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This property looks like a bad Mid-Term investment with a projected -8.15% first-year return on $94,395 initial cash invested.

-8.15%

Cash On Cash

4.09%

Cap Rate

0.7

DSCR

$2,892

Rent

-$641

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,892 income − $3,533 expenses = $641 out of pocket

Income$2,892Out of Pocket$641Mortgage P&I$1,76461%Property Taxes$65823%Insurance$1274%Management$34712%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31811%

Investment Breakdown

|

Purchase Price

$364k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,395

Downpayment

20%

$72,757

Closing costs

1%

$3,638

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,892

Total Expenses

$3,533

Mortgage P&I

61%

$1,764

Property Taxes

23%

$658

Home Insurance

4%

$127

HOA

0%

$0

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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