REI Lense

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$2,632 (target)

1816 RITA STREET, Sarasota, FL 34231

3 beds • 2 baths • 1292 sqft

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This property looks like a bad Long-Term investment with a projected -11.6% first-year return on $95,802 initial cash invested.

-11.6%

Cash On Cash

4.04%

Cap Rate

0.66

DSCR

$2,632

Rent

-$926

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,632 income − $3,558 expenses = $926 out of pocket

Income$2,632Out of Pocket$926Mortgage P&I$2,32888%Property Taxes$37914%Insurance$1666%Management$26310%CapEx$1325%Vacancy$1586%Maintenance$1325%

Investment Breakdown

|

Purchase Price

$456k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,802

Downpayment

20%

$91,240

Closing costs

1%

$4,562

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,632

Total Expenses

$3,558

Mortgage P&I

88%

$2,328

Property Taxes

14%

$379

Home Insurance

6%

$166

HOA

0%

$0

Property Management

10%

$263

CapEx

5%

$132

Vacancy

6%

$158

Maintenance

5%

$132

Other

0%

$0

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