REI Lense

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$2,048 (target)

2643 Salters Ct, Deltona, FL 32738

3 beds • 2 baths • 1614 sqft

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This property looks like a bad Long-Term investment with a projected -13.52% first-year return on $72,324 initial cash invested.

-13.52%

Cash On Cash

3.57%

Cap Rate

0.59

DSCR

$2,048

Rent

-$815

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,048 income − $2,863 expenses = $815 out of pocket

Income$2,048Out of Pocket$815Mortgage P&I$1,73785%Property Taxes$47223%Insurance$1226%Management$20510%CapEx$1025%Vacancy$1236%Maintenance$1025%

Investment Breakdown

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Purchase Price

$344k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,324

Downpayment

20%

$68,880

Closing costs

1%

$3,444

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,048

Total Expenses

$2,863

Mortgage P&I

85%

$1,737

Property Taxes

23%

$472

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$205

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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