REI Lense

REI Lense

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$2,393 (target)

270 McClain Dr, West Melbourne, FL 32904

3 beds • 2 baths • 1760 sqft

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This property looks like a bad Long-Term investment with a projected -9.69% first-year return on $91,014 initial cash invested.

-9.69%

Cash On Cash

4.29%

Cap Rate

0.72

DSCR

$2,393

Rent

-$735

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,393 income − $3,128 expenses = $735 out of pocket

Income$2,393Out of Pocket$735Mortgage P&I$2,16490%Property Taxes$1667%Insurance$1587%HOA$171%Management$23910%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

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Purchase Price

$433k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,014

Downpayment

20%

$86,680

Closing costs

1%

$4,334

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,393

Total Expenses

$3,128

Mortgage P&I

90%

$2,164

Property Taxes

7%

$166

Home Insurance

7%

$158

HOA

1%

$17

Property Management

10%

$239

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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