REI Lense

REI Lense

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$2,922 (target)

1636 Leisure Dr, Clearwater, FL 33756

3 beds • 2 baths • 1616 sqft

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This property looks like a bad Long-Term investment with a projected -10.66% first-year return on $99,603 initial cash invested.

-10.66%

Cash On Cash

4.06%

Cap Rate

0.68

DSCR

$2,922

Rent

-$885

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,922 income − $3,807 expenses = $885 out of pocket

Income$2,922Out of Pocket$885Mortgage P&I$2,34580%Property Taxes$53218%Insurance$1716%Management$29210%CapEx$1465%Vacancy$1756%Maintenance$1465%

Investment Breakdown

|

Purchase Price

$474k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,603

Downpayment

20%

$94,860

Closing costs

1%

$4,743

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,922

Total Expenses

$3,807

Mortgage P&I

80%

$2,345

Property Taxes

18%

$532

Home Insurance

6%

$171

HOA

0%

$0

Property Management

10%

$292

CapEx

5%

$146

Vacancy

6%

$175

Maintenance

5%

$146

Other

0%

$0

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