REI Lense

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$1,928 (target)

228 SW Story Pl, Lake City, FL 32024

3 beds • 2 baths • 1258 sqft

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This property looks like a bad Long-Term investment with a projected -8.5% first-year return on $61,257 initial cash invested.

-8.5%

Cash On Cash

4.83%

Cap Rate

0.78

DSCR

$1,928

Rent

-$434

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,928 income − $2,362 expenses = $434 out of pocket

Income$1,928Out of Pocket$434Mortgage P&I$1,51278%Property Taxes$24413%Insurance$1055%Management$19310%CapEx$965%Vacancy$1166%Maintenance$965%

Investment Breakdown

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Purchase Price

$292k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,257

Downpayment

20%

$58,340

Closing costs

1%

$2,917

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,928

Total Expenses

$2,362

Mortgage P&I

78%

$1,512

Property Taxes

13%

$244

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$96

Vacancy

6%

$116

Maintenance

5%

$96

Other

0%

$0

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