REI Lense

REI Lense

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$2,018 (target)

2024 Magnolia Ave, South Daytona, FL 32119

3 beds • 2 baths • 1608 sqft

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This property looks like a bad Long-Term investment with a projected -12.45% first-year return on $74,319 initial cash invested.

-12.45%

Cash On Cash

3.83%

Cap Rate

0.63

DSCR

$2,018

Rent

-$771

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,018 income − $2,789 expenses = $771 out of pocket

Income$2,018Out of Pocket$771Mortgage P&I$1,80089%Property Taxes$33317%Insurance$1316%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$354k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,319

Downpayment

20%

$70,780

Closing costs

1%

$3,539

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,018

Total Expenses

$2,789

Mortgage P&I

89%

$1,800

Property Taxes

17%

$333

Home Insurance

6%

$131

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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