REI Lense

REI Lense

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$2,684 (target)

2614 Forest Dr, Melbourne, FL 32901

3 beds • 2 baths • 1616 sqft

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This property looks like a bad Long-Term investment with a projected -6.15% first-year return on $81,690 initial cash invested.

-6.15%

Cash On Cash

5.75%

Cap Rate

0.87

DSCR

$2,684

Rent

-$419

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,684 income − $3,103 expenses = $419 out of pocket

Income$2,684Out of Pocket$419Mortgage P&I$2,14980%Property Taxes$1215%Insurance$1365%Management$26810%CapEx$1345%Vacancy$1616%Maintenance$1345%

Investment Breakdown

|

Purchase Price

$389k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,690

Downpayment

20%

$77,800

Closing costs

1%

$3,890

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,684

Total Expenses

$3,103

Mortgage P&I

80%

$2,149

Property Taxes

5%

$121

Home Insurance

5%

$136

HOA

0%

$0

Property Management

10%

$268

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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