REI Lense

REI Lense

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$1,683 (target)

1615 Lake Clay Dr, Lake Placid, FL 33852

3 beds • 2 baths • 1429 sqft

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This property looks like a bad Long-Term investment with a projected -1.94% first-year return on $46,494 initial cash invested.

-1.94%

Cash On Cash

6.49%

Cap Rate

1.01

DSCR

$1,683

Rent

-$75

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,683 income − $1,758 expenses = $75 out of pocket

Income$1,683Out of Pocket$75Mortgage P&I$1,18971%Property Taxes$493%Insurance$835%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$221k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,494

Downpayment

20%

$44,280

Closing costs

1%

$2,214

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,683

Total Expenses

$1,758

Mortgage P&I

71%

$1,189

Property Taxes

3%

$49

Home Insurance

5%

$83

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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