REI Lense

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$4,616 (target)

3037 Fermanagh Dr, Tallahassee, FL 32309

3 beds • 3 baths • 2803 sqft

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This property looks like a bad Mid-Term investment with a projected -6.29% first-year return on $143k initial cash invested.

-6.29%

Cash On Cash

4.89%

Cap Rate

0.81

DSCR

$4,616

Rent

-$751

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,616 income − $5,367 expenses = $751 out of pocket

Income$4,616Out of Pocket$751Mortgage P&I$2,99565%Property Taxes$57012%Insurance$2155%HOA$17Management$55412%CapEx$1854%Vacancy$1383%Maintenance$1854%Other$50811%

Investment Breakdown

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Purchase Price

$596k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$143k

Downpayment

20%

$119k

Closing costs

1%

$5,962

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,616

Total Expenses

$5,367

Mortgage P&I

65%

$2,995

Property Taxes

12%

$570

Home Insurance

5%

$215

HOA

0%

$17

Property Management

12%

$554

CapEx

4%

$185

Vacancy

3%

$138

Maintenance

4%

$185

Other

11%

$508

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