REI Lense

REI Lense

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$2,019 (target)

2440 Warwick Rd, Melbourne, FL 32935

3 beds • 2 baths • 1148 sqft

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This property looks like a bad Long-Term investment with a projected -2.96% first-year return on $52,290 initial cash invested.

-2.96%

Cash On Cash

5.78%

Cap Rate

0.98

DSCR

$2,019

Rent

-$129

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,019 income − $2,148 expenses = $129 out of pocket

Income$2,019Out of Pocket$129Mortgage P&I$1,22861%Property Taxes$30215%Insurance$935%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

|

Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,290

Downpayment

20%

$49,800

Closing costs

1%

$2,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,019

Total Expenses

$2,148

Mortgage P&I

61%

$1,228

Property Taxes

15%

$302

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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