REI Lense

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$3,722 (target)

2740 SW 16th St, Fort Lauderdale, FL 33312

3 beds • 2 baths • 1418 sqft

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This property looks like a bad Long-Term investment with a projected -4.62% first-year return on $116k initial cash invested.

-4.62%

Cash On Cash

5.55%

Cap Rate

0.91

DSCR

$3,722

Rent

-$447

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,722 income − $4,169 expenses = $447 out of pocket

Income$3,722Out of Pocket$447Mortgage P&I$2,81876%Property Taxes$1865%Insurance$1985%Management$37210%CapEx$1865%Vacancy$2236%Maintenance$1865%

Investment Breakdown

|

Purchase Price

$553k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$111k

Closing costs

1%

$5,527

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,722

Total Expenses

$4,169

Mortgage P&I

76%

$2,818

Property Taxes

5%

$186

Home Insurance

5%

$198

HOA

0%

$0

Property Management

10%

$372

CapEx

5%

$186

Vacancy

6%

$223

Maintenance

5%

$186

Other

0%

$0

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