REI Lense

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$2,423 (target)

16013 Palmetto Prairie Dr, Alva, FL 33920

3 beds • 2 baths • 1693 sqft

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This property looks like a bad Long-Term investment with a projected -5.77% first-year return on $63,378 initial cash invested.

-5.77%

Cash On Cash

5.32%

Cap Rate

0.88

DSCR

$2,423

Rent

-$305

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,423 income − $2,728 expenses = $305 out of pocket

Income$2,423Out of Pocket$305Mortgage P&I$1,52163%Property Taxes$29312%Insurance$1195%HOA$1667%Management$24210%CapEx$1215%Vacancy$1456%Maintenance$1215%

Investment Breakdown

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Purchase Price

$302k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,378

Downpayment

20%

$60,360

Closing costs

1%

$3,018

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,423

Total Expenses

$2,728

Mortgage P&I

63%

$1,521

Property Taxes

12%

$293

Home Insurance

5%

$119

HOA

7%

$166

Property Management

10%

$242

CapEx

5%

$121

Vacancy

6%

$145

Maintenance

5%

$121

Other

0%

$0

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