REI Lense

REI Lense

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$2,945 (target)

3231 Traverse Ave, North Port, FL 34286

3 beds • 2 baths • 2075 sqft

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This property looks like a bad Long-Term investment with a projected -6.61% first-year return on $86,436 initial cash invested.

-6.61%

Cash On Cash

5.67%

Cap Rate

0.86

DSCR

$2,945

Rent

-$476

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,945 income − $3,421 expenses = $476 out of pocket

Income$2,945Out of Pocket$476Mortgage P&I$2,27477%Property Taxes$2338%Insurance$1495%Management$29410%CapEx$1475%Vacancy$1776%Maintenance$1475%

Investment Breakdown

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Purchase Price

$412k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,436

Downpayment

20%

$82,320

Closing costs

1%

$4,116

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,945

Total Expenses

$3,421

Mortgage P&I

77%

$2,274

Property Taxes

8%

$233

Home Insurance

5%

$149

HOA

0%

$0

Property Management

10%

$294

CapEx

5%

$147

Vacancy

6%

$177

Maintenance

5%

$147

Other

0%

$0

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