REI Lense

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$5,583 (target)

2740 SW 16th St, Fort Lauderdale, FL 33312

3 beds • 2 baths • 1418 sqft

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This property might be a fair Mid-Term investment with a projected 4.33% first-year return on $134k initial cash invested.

4.33%

Cash On Cash

7.65%

Cap Rate

1.25

DSCR

$5,583

Rent

$484

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,583 income − $5,099 expenses = $484 cash flow

Income$5,583Mortgage P&I$2,81850%Property Taxes$1863%Insurance$1984%Management$67012%CapEx$2234%Vacancy$1673%Maintenance$2234%Other$61411%Cash Flow$484

Investment Breakdown

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Purchase Price

$553k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$111k

Closing costs

1%

$5,527

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,583

Total Expenses

$5,099

Mortgage P&I

50%

$2,818

Property Taxes

3%

$186

Home Insurance

4%

$198

HOA

0%

$0

Property Management

12%

$670

CapEx

4%

$223

Vacancy

3%

$167

Maintenance

4%

$223

Other

11%

$614

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