REI Lense

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$2,854 (target)

1628 S HIGHLAND AVENUE, Clearwater, FL 33756

3 beds • 2 baths • 1645 sqft

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This property looks like a bad Long-Term investment with a projected -9.59% first-year return on $88,725 initial cash invested.

-9.59%

Cash On Cash

4.55%

Cap Rate

0.74

DSCR

$2,854

Rent

-$709

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,854 income − $3,563 expenses = $709 out of pocket

Income$2,854Out of Pocket$709Mortgage P&I$2,16976%Property Taxes$49817%Insurance$1545%Management$28510%CapEx$1435%Vacancy$1716%Maintenance$1435%

Investment Breakdown

|

Purchase Price

$423k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,725

Downpayment

20%

$84,500

Closing costs

1%

$4,225

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,854

Total Expenses

$3,563

Mortgage P&I

76%

$2,169

Property Taxes

17%

$498

Home Insurance

5%

$154

HOA

0%

$0

Property Management

10%

$285

CapEx

5%

$143

Vacancy

6%

$171

Maintenance

5%

$143

Other

0%

$0

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