REI Lense

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$4,664 (target)

309 Polaris Dr, Satellite Beach, FL 32937

3 beds • 7 baths • 1428 sqft

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This property might be a fair Mid-Term investment with a projected 5.3% first-year return on $111k initial cash invested.

5.3%

Cash On Cash

7.76%

Cap Rate

1.31

DSCR

$4,664

Rent

$489

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,664 income − $4,175 expenses = $489 cash flow

Income$4,664Mortgage P&I$2,18047%Property Taxes$2465%Insurance$1623%Management$56012%CapEx$1874%Vacancy$1403%Maintenance$1874%Other$51311%Cash Flow$489

Investment Breakdown

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Purchase Price

$442k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,300

Closing costs

1%

$4,415

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,664

Total Expenses

$4,175

Mortgage P&I

47%

$2,180

Property Taxes

5%

$246

Home Insurance

3%

$162

HOA

0%

$0

Property Management

12%

$560

CapEx

4%

$187

Vacancy

3%

$140

Maintenance

4%

$187

Other

11%

$513

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