REI Lense

REI Lense

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$2,289 (target)

235 Greenwood Ave, Ormond Beach, FL 32174

3 beds • 2 baths • 2028 sqft

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This property looks like a bad Long-Term investment with a projected -1.9% first-year return on $61,236 initial cash invested.

-1.9%

Cash On Cash

6.06%

Cap Rate

1.01

DSCR

$2,289

Rent

-$97

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,289 income − $2,386 expenses = $97 out of pocket

Income$2,289Out of Pocket$97Mortgage P&I$1,45664%Property Taxes$23110%Insurance$1055%Management$22910%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

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Purchase Price

$292k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,236

Downpayment

20%

$58,320

Closing costs

1%

$2,916

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,289

Total Expenses

$2,386

Mortgage P&I

64%

$1,456

Property Taxes

10%

$231

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$229

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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