REI Lense

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$7,022 (target)

240 Lake Drive, Coconut Creek, FL 33066

3 beds • 2 baths • 1853 sqft

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This property could be a profitable Mid-Term investment with a projected 14.13% first-year return on $129k initial cash invested.

14.13%

Cash On Cash

10.03%

Cap Rate

1.69

DSCR

$7,022

Rent

$1,515

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,022 income − $5,507 expenses = $1,515 cash flow

Income$7,022Mortgage P&I$2,60537%Property Taxes$3225%Insurance$1923%Management$84312%CapEx$2814%Vacancy$2113%Maintenance$2814%Other$77211%Cash Flow$1,515

Investment Breakdown

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Purchase Price

$527k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$105k

Closing costs

1%

$5,268

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$7,022

Total Expenses

$5,507

Mortgage P&I

37%

$2,605

Property Taxes

5%

$322

Home Insurance

3%

$192

HOA

0%

$0

Property Management

12%

$843

CapEx

4%

$281

Vacancy

3%

$211

Maintenance

4%

$281

Other

11%

$772

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