REI Lense

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$2,000 (target)

1603 ROYAL PALM DRIVE, Edgewater, FL 32132

3 beds • 2 baths • 1313 sqft

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This property might be a fair Long-Term investment with a projected 4.03% first-year return on $37,800 initial cash invested.

4.03%

Cash On Cash

8.35%

Cap Rate

1.22

DSCR

$2,000

Rent

$127

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,000 income − $1,873 expenses = $127 cash flow

Income$2,000Mortgage P&I$1,02651%Property Taxes$26413%Insurance$633%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%Cash Flow$127

Investment Breakdown

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Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,800

Downpayment

20%

$36,000

Closing costs

1%

$1,800

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,000

Total Expenses

$1,873

Mortgage P&I

51%

$1,026

Property Taxes

13%

$264

Home Insurance

3%

$63

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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