REI Lense

REI Lense

$2,943 (target)

311 W TARPON BOULEVARD NW, Port Charlotte, FL 33952

3 beds • 2 baths • 1645 sqft

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This property looks like a bad Long-Term investment with a projected -9.33% first-year return on $95,256 initial cash invested.

-9.33%

Cash On Cash

4.81%

Cap Rate

0.75

DSCR

$2,943

Rent

-$741

Cashflow

Cash Flow

$2,943 income − $3,684 expenses = $741 out of pocket

Income$2,943Out ofPocket$741P&I$2,41382%Taxes$34012%Insurance$1666%Mgmt$29410%CapEx$1475%Vacancy$1776%Maint.$1475%

Investment Breakdown

|

Purchase Price

$454k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,256

Downpayment

20%

$90,720

Closing costs

1%

$4,536

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,943

Total Expenses

$3,684

Mortgage P&I

82%

$2,413

Property Taxes

12%

$340

Home Insurance

6%

$166

HOA

0%

$0

Property Management

10%

$294

CapEx

5%

$147

Vacancy

6%

$177

Maintenance

5%

$147

Other

0%

$0

See Port Charlotte, FL long-term rental market →

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