REI Lense

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$2,904 (target)

3210 23rd Ave W, Bradenton, FL 34205

3 beds • 2 baths • 1602 sqft

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This property looks like a bad Long-Term investment with a projected -6.3% first-year return on $85,092 initial cash invested.

-6.3%

Cash On Cash

5.22%

Cap Rate

0.85

DSCR

$2,904

Rent

-$447

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,904 income − $3,351 expenses = $447 out of pocket

Income$2,904Out of Pocket$447Mortgage P&I$2,06671%Property Taxes$38413%Insurance$1475%Management$29010%CapEx$1455%Vacancy$1746%Maintenance$1455%

Investment Breakdown

|

Purchase Price

$405k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,092

Downpayment

20%

$81,040

Closing costs

1%

$4,052

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,904

Total Expenses

$3,351

Mortgage P&I

71%

$2,066

Property Taxes

13%

$384

Home Insurance

5%

$147

HOA

0%

$0

Property Management

10%

$290

CapEx

5%

$145

Vacancy

6%

$174

Maintenance

5%

$145

Other

0%

$0

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