REI Lense

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$3,048 (target)

2105 NE 40th Ave, Homestead, FL 33033

3 beds • 2 baths • 1787 sqft

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This property looks like a bad Long-Term investment with a projected -9.87% first-year return on $98,931 initial cash invested.

-9.87%

Cash On Cash

4.43%

Cap Rate

0.72

DSCR

$3,048

Rent

-$814

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,048 income − $3,862 expenses = $814 out of pocket

Income$3,048Out of Pocket$814Mortgage P&I$2,40279%Property Taxes$50216%Insurance$1665%Management$30510%CapEx$1525%Vacancy$1836%Maintenance$1525%

Investment Breakdown

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Purchase Price

$471k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,931

Downpayment

20%

$94,220

Closing costs

1%

$4,711

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,048

Total Expenses

$3,862

Mortgage P&I

79%

$2,402

Property Taxes

16%

$502

Home Insurance

5%

$166

HOA

0%

$0

Property Management

10%

$305

CapEx

5%

$152

Vacancy

6%

$183

Maintenance

5%

$152

Other

0%

$0

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