REI Lense

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$2,584 (target)

2121 6th St E, Palmetto, FL 34221

3 beds • 3 baths • 2230 sqft

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This property looks like a bad Long-Term investment with a projected -23.51% first-year return on $141k initial cash invested.

-23.51%

Cash On Cash

1.07%

Cap Rate

0.18

DSCR

$2,584

Rent

-$2,764

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$672k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$141k

Downpayment

20%

$134k

Closing costs

1%

$6,719

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,584

Total Expenses

$5,348

Mortgage P&I

125%

$3,232

Property Taxes

33%

$850

Home Insurance

9%

$245

HOA

14%

$350

Property Management

10%

$258

CapEx

5%

$129

Vacancy

6%

$155

Maintenance

5%

$129

Other

0%

$0

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