REI Lense

REI Lense

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$2,189 (target)

2401 McWest St, Tallahassee, FL 32303

3 beds • 2 baths • 1935 sqft

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This property looks like a bad Long-Term investment with a projected -7.48% first-year return on $71,379 initial cash invested.

-7.48%

Cash On Cash

5.05%

Cap Rate

0.81

DSCR

$2,189

Rent

-$445

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,189 income − $2,634 expenses = $445 out of pocket

Income$2,189Out of Pocket$445Mortgage P&I$1,76581%Property Taxes$1828%Insurance$1195%Management$21910%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,379

Downpayment

20%

$67,980

Closing costs

1%

$3,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,189

Total Expenses

$2,634

Mortgage P&I

81%

$1,765

Property Taxes

8%

$182

Home Insurance

5%

$119

HOA

0%

$0

Property Management

10%

$219

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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