REI Lense

REI Lense

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$3,122 (target)

2224 42nd St W, Bradenton, FL 34205

3 beds • 2 baths • 1743 sqft

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This property looks like a bad Long-Term investment with a projected -4.55% first-year return on $99,750 initial cash invested.

-4.55%

Cash On Cash

5.42%

Cap Rate

0.91

DSCR

$3,122

Rent

-$378

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,122 income − $3,500 expenses = $378 out of pocket

Income$3,122Out of Pocket$378Mortgage P&I$2,36776%Property Taxes$1565%Insurance$1665%Management$31210%CapEx$1565%Vacancy$1876%Maintenance$1565%

Investment Breakdown

|

Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,750

Downpayment

20%

$95,000

Closing costs

1%

$4,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,122

Total Expenses

$3,500

Mortgage P&I

76%

$2,367

Property Taxes

5%

$156

Home Insurance

5%

$166

HOA

0%

$0

Property Management

10%

$312

CapEx

5%

$156

Vacancy

6%

$187

Maintenance

5%

$156

Other

0%

$0

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