REI Lense

REI Lense

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$2,319 (target)

2110 Cortez Boulevard, Fort Pierce, FL 34982

3 beds • 2 baths • 1520 sqft

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This property might be a fair Long-Term investment with a projected 0.82% first-year return on $50,967 initial cash invested.

0.82%

Cash On Cash

7.13%

Cap Rate

1.12

DSCR

$2,319

Rent

$35

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,319 income − $2,284 expenses = $35 cash flow

Income$2,319Mortgage P&I$1,29156%Property Taxes$30213%Insurance$884%Management$23210%CapEx$1165%Vacancy$1396%Maintenance$1165%Cash Flow$35

Investment Breakdown

|

Purchase Price

$243k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,967

Downpayment

20%

$48,540

Closing costs

1%

$2,427

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,319

Total Expenses

$2,284

Mortgage P&I

56%

$1,291

Property Taxes

13%

$302

Home Insurance

4%

$88

HOA

0%

$0

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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