REI Lense

REI Lense

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$2,007 (target)

3019 40th Ave W, Bradenton, FL 34205

3 beds • 2 baths • 1224 sqft

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This property looks like a bad Long-Term investment with a projected -10.47% first-year return on $73,479 initial cash invested.

-10.47%

Cash On Cash

4.06%

Cap Rate

0.69

DSCR

$2,007

Rent

-$641

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,007 income − $2,648 expenses = $641 out of pocket

Income$2,007Out of Pocket$641Mortgage P&I$1,72686%Property Taxes$27914%Insurance$1226%Management$20110%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,007

Total Expenses

$2,648

Mortgage P&I

86%

$1,726

Property Taxes

14%

$279

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$201

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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