REI Lense

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$6,159 (target)

15665 Merritt Dr, Loxahatchee, FL 33470

3 beds • 3 baths • 2318 sqft

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This property looks like a bad Mid-Term investment with a projected -10.75% first-year return on $191k initial cash invested.

-10.75%

Cash On Cash

3.8%

Cap Rate

0.64

DSCR

$6,159

Rent

-$1,708

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,159 income − $7,867 expenses = $1,708 out of pocket

Income$6,159Out of Pocket$1,708Mortgage P&I$4,06866%Property Taxes$1,07317%Insurance$2985%HOA$3355%Management$73912%CapEx$2464%Vacancy$1853%Maintenance$2464%Other$67711%

Investment Breakdown

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Purchase Price

$822k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$191k

Downpayment

20%

$164k

Closing costs

1%

$8,219

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,159

Total Expenses

$7,867

Mortgage P&I

66%

$4,068

Property Taxes

17%

$1,073

Home Insurance

5%

$298

HOA

5%

$335

Property Management

12%

$739

CapEx

4%

$246

Vacancy

3%

$185

Maintenance

4%

$246

Other

11%

$677

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