REI Lense

REI Lense

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$3,108 (target)

3120 Contego Lane, Riviera Beach, FL 33418

3 beds • 2 baths • 1476 sqft

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This property looks like a bad Long-Term investment with a projected -12.44% first-year return on $90,300 initial cash invested.

-12.44%

Cash On Cash

3.59%

Cap Rate

0.62

DSCR

$3,108

Rent

-$936

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,108 income − $4,044 expenses = $936 out of pocket

Income$3,108Out of Pocket$936Mortgage P&I$2,06767%Property Taxes$74524%Insurance$1505%HOA$2759%Management$31110%CapEx$1555%Vacancy$1866%Maintenance$1555%

Investment Breakdown

|

Purchase Price

$430k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,300

Downpayment

20%

$86,000

Closing costs

1%

$4,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,108

Total Expenses

$4,044

Mortgage P&I

67%

$2,067

Property Taxes

24%

$745

Home Insurance

5%

$150

HOA

9%

$275

Property Management

10%

$311

CapEx

5%

$155

Vacancy

6%

$186

Maintenance

5%

$155

Other

0%

$0

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