REI Lense

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$2,009 (target)

237 NOVA DRIVE, Davenport, FL 33837

3 beds • 2 baths • 1770 sqft

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This property looks like a bad Long-Term investment with a projected -12.2% first-year return on $68,964 initial cash invested.

-12.2%

Cash On Cash

3.98%

Cap Rate

0.64

DSCR

$2,009

Rent

-$701

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,009 income − $2,710 expenses = $701 out of pocket

Income$2,009Out of Pocket$701Mortgage P&I$1,69184%Property Taxes$36318%Insurance$1176%HOA$171%Management$20110%CapEx$1005%Vacancy$1216%Maintenance$1005%

Investment Breakdown

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Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,964

Downpayment

20%

$65,680

Closing costs

1%

$3,284

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,009

Total Expenses

$2,710

Mortgage P&I

84%

$1,691

Property Taxes

18%

$363

Home Insurance

6%

$117

HOA

1%

$17

Property Management

10%

$201

CapEx

5%

$100

Vacancy

6%

$121

Maintenance

5%

$100

Other

0%

$0

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