REI Lense

REI Lense

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$2,507 (target)

2542 Tulip St, Sarasota, FL 34239

3 beds • 2 baths • 1270 sqft

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This property looks like a bad Long-Term investment with a projected -10.21% first-year return on $84,861 initial cash invested.

-10.21%

Cash On Cash

4.28%

Cap Rate

0.71

DSCR

$2,507

Rent

-$722

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,507 income − $3,229 expenses = $722 out of pocket

Income$2,507Out of Pocket$722Mortgage P&I$2,03981%Property Taxes$38916%Insurance$1506%Management$25110%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

|

Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,861

Downpayment

20%

$80,820

Closing costs

1%

$4,041

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,507

Total Expenses

$3,229

Mortgage P&I

81%

$2,039

Property Taxes

16%

$389

Home Insurance

6%

$150

HOA

0%

$0

Property Management

10%

$251

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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