REI Lense

REI Lense

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$1,753 (target)

1639 Spring Lake Rd, Fruitland Park, FL 34731

3 beds • 2 baths • 1455 sqft

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This property looks like a bad Long-Term investment with a projected -7% first-year return on $62,580 initial cash invested.

-7%

Cash On Cash

4.75%

Cap Rate

0.81

DSCR

$1,753

Rent

-$365

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,753 income − $2,118 expenses = $365 out of pocket

Income$1,753Out of Pocket$365Mortgage P&I$1,45783%Property Taxes$1016%Insurance$1046%Management$17510%CapEx$885%Vacancy$1056%Maintenance$885%

Investment Breakdown

|

Purchase Price

$298k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,580

Downpayment

20%

$59,600

Closing costs

1%

$2,980

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,753

Total Expenses

$2,118

Mortgage P&I

83%

$1,457

Property Taxes

6%

$101

Home Insurance

6%

$104

HOA

0%

$0

Property Management

10%

$175

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

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