REI Lense

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$2,268 (target)

324 RED KITE DRIVE, Groveland, FL 34736

3 beds • 2 baths • 2029 sqft

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This property looks like a bad Long-Term investment with a projected -12.7% first-year return on $74,928 initial cash invested.

-12.7%

Cash On Cash

3.82%

Cap Rate

0.63

DSCR

$2,268

Rent

-$793

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,268 income − $3,061 expenses = $793 out of pocket

Income$2,268Out of Pocket$793Mortgage P&I$1,81580%Property Taxes$49622%Insurance$1286%HOA$331%Management$22710%CapEx$1135%Vacancy$1366%Maintenance$1135%

Investment Breakdown

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Purchase Price

$357k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,928

Downpayment

20%

$71,360

Closing costs

1%

$3,568

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,268

Total Expenses

$3,061

Mortgage P&I

80%

$1,815

Property Taxes

22%

$496

Home Insurance

6%

$128

HOA

1%

$33

Property Management

10%

$227

CapEx

5%

$113

Vacancy

6%

$136

Maintenance

5%

$113

Other

0%

$0

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