REI Lense

REI Lense

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$2,060 (target)

16400 S Jefferson Ave, Lake Placid, FL 33852

3 beds • 2 baths • 1527 sqft

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This property looks like a bad Long-Term investment with a projected -10.3% first-year return on $73,500 initial cash invested.

-10.3%

Cash On Cash

4.29%

Cap Rate

0.7

DSCR

$2,060

Rent

-$631

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,060 income − $2,691 expenses = $631 out of pocket

Income$2,060Out of Pocket$631Mortgage P&I$1,78086%Property Taxes$25312%Insurance$1226%Management$20610%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,060

Total Expenses

$2,691

Mortgage P&I

86%

$1,780

Property Taxes

12%

$253

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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