REI Lense

REI Lense

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$1,894 (target)

281 BALI SE, Palm Bay, FL 32909

3 beds • 2 baths • 1302 sqft

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This property looks like a bad Long-Term investment with a projected -8.43% first-year return on $72,450 initial cash invested.

-8.43%

Cash On Cash

4.56%

Cap Rate

0.76

DSCR

$1,894

Rent

-$509

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,894 income − $2,403 expenses = $509 out of pocket

Income$1,894Out of Pocket$509Mortgage P&I$1,72691%Property Taxes$633%Insurance$1216%Management$18910%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,450

Downpayment

20%

$69,000

Closing costs

1%

$3,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,894

Total Expenses

$2,403

Mortgage P&I

91%

$1,726

Property Taxes

3%

$63

Home Insurance

6%

$121

HOA

0%

$0

Property Management

10%

$189

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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