REI Lense

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$1,709 (target)

2601 Hastings Dr, Tallahassee, FL 32303

3 beds • 2 baths • 1515 sqft

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This property looks like a bad Long-Term investment with a projected -6.38% first-year return on $55,146 initial cash invested.

-6.38%

Cash On Cash

5.18%

Cap Rate

0.85

DSCR

$1,709

Rent

-$293

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,709 income − $2,002 expenses = $293 out of pocket

Income$1,709Out of Pocket$293Mortgage P&I$1,34279%Property Taxes$1227%Insurance$946%Management$17110%CapEx$855%Vacancy$1036%Maintenance$855%

Investment Breakdown

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Purchase Price

$263k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,146

Downpayment

20%

$52,520

Closing costs

1%

$2,626

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,709

Total Expenses

$2,002

Mortgage P&I

79%

$1,342

Property Taxes

7%

$122

Home Insurance

6%

$94

HOA

0%

$0

Property Management

10%

$171

CapEx

5%

$85

Vacancy

6%

$103

Maintenance

5%

$85

Other

0%

$0

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