REI Lense

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$2,014 (target)

3145 NW 48TH PLACE, Gainesville, FL 32605

3 beds • 2 baths • 1453 sqft

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This property looks like a bad Long-Term investment with a projected -6.67% first-year return on $58,800 initial cash invested.

-6.67%

Cash On Cash

5.13%

Cap Rate

0.84

DSCR

$2,014

Rent

-$327

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,014 income − $2,341 expenses = $327 out of pocket

Income$2,014Out of Pocket$327Mortgage P&I$1,42271%Property Taxes$29014%Insurance$1055%Management$20110%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,800

Downpayment

20%

$56,000

Closing costs

1%

$2,800

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,014

Total Expenses

$2,341

Mortgage P&I

71%

$1,422

Property Taxes

14%

$290

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$201

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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