REI Lense

REI Lense

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$3,119 (target)

2915 SE 4th Pl, Homestead, FL 33033

3 beds • 2 baths • 1654 sqft

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This property looks like a bad Long-Term investment with a projected -7.69% first-year return on $106k initial cash invested.

-7.69%

Cash On Cash

4.69%

Cap Rate

0.79

DSCR

$3,119

Rent

-$678

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,119 income − $3,797 expenses = $678 out of pocket

Income$3,119Out of Pocket$678Mortgage P&I$2,49380%Property Taxes$592%Insurance$1786%HOA$2568%Management$31210%CapEx$1565%Vacancy$1876%Maintenance$1565%

Investment Breakdown

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Purchase Price

$504k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,039

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,119

Total Expenses

$3,797

Mortgage P&I

80%

$2,493

Property Taxes

2%

$59

Home Insurance

6%

$178

HOA

8%

$256

Property Management

10%

$312

CapEx

5%

$156

Vacancy

6%

$187

Maintenance

5%

$156

Other

0%

$0

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