REI Lense

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$2,215 (target)

2006 NW 40TH TERRACE, Gainesville, FL 32605

3 beds • 2 baths • 1827 sqft

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This property looks like a bad Long-Term investment with a projected -6.42% first-year return on $61,278 initial cash invested.

-6.42%

Cash On Cash

5.34%

Cap Rate

0.86

DSCR

$2,215

Rent

-$328

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,215 income − $2,543 expenses = $328 out of pocket

Income$2,215Out of Pocket$328Mortgage P&I$1,51568%Property Taxes$34315%Insurance$1085%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$292k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,278

Downpayment

20%

$58,360

Closing costs

1%

$2,918

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,215

Total Expenses

$2,543

Mortgage P&I

68%

$1,515

Property Taxes

15%

$343

Home Insurance

5%

$108

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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