REI Lense

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$6,424 (target)

1599 Vermeer Dr, Nokomis, FL 34275

3 beds • 3 baths • 2289 sqft

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This property might be a fair Mid-Term investment with a projected 7.63% first-year return on $136k initial cash invested.

7.63%

Cash On Cash

8.42%

Cap Rate

1.4

DSCR

$6,424

Rent

$862

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,424 income − $5,562 expenses = $862 cash flow

Income$6,424Mortgage P&I$2,80844%Property Taxes$3385%Insurance$1963%HOA$351%Management$77112%CapEx$2574%Vacancy$1933%Maintenance$2574%Other$70711%Cash Flow$862

Investment Breakdown

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Purchase Price

$560k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$136k

Downpayment

20%

$112k

Closing costs

1%

$5,599

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$6,424

Total Expenses

$5,562

Mortgage P&I

44%

$2,808

Property Taxes

5%

$338

Home Insurance

3%

$196

HOA

1%

$35

Property Management

12%

$771

CapEx

4%

$257

Vacancy

3%

$193

Maintenance

4%

$257

Other

11%

$707

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