REI Lense

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$2,484 (target)

224 E Iris Ln, Defuniak Springs, FL 32433

3 beds • 2 baths • 1165 sqft

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This property might be a fair Mid-Term investment with a projected 6.44% first-year return on $61,890 initial cash invested.

6.44%

Cash On Cash

8.64%

Cap Rate

1.4

DSCR

$2,484

Rent

$332

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,484 income − $2,152 expenses = $332 cash flow

Income$2,484Mortgage P&I$1,07343%Property Taxes$1627%Insurance$733%Management$29812%CapEx$994%Vacancy$753%Maintenance$994%Other$27311%Cash Flow$332

Investment Breakdown

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Purchase Price

$209k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,890

Downpayment

20%

$41,800

Closing costs

1%

$2,090

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,484

Total Expenses

$2,152

Mortgage P&I

43%

$1,073

Property Taxes

7%

$162

Home Insurance

3%

$73

HOA

0%

$0

Property Management

12%

$298

CapEx

4%

$99

Vacancy

3%

$75

Maintenance

4%

$99

Other

11%

$273

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