REI Lense

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$2,896 (target)

349 SPRINGVIEW CIRCLE NW, Pt Charlotte, FL 33948

3 beds • 2 baths • 2108 sqft

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This property looks like a bad Long-Term investment with a projected -22.51% first-year return on $174k initial cash invested.

-22.51%

Cash On Cash

1.75%

Cap Rate

0.28

DSCR

$2,896

Rent

-$3,269

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,896 income − $6,165 expenses = $3,269 out of pocket

Income$2,896Out of Pocket$3,269Mortgage P&I$4,337150%Property Taxes$78427%Insurance$29010%Management$29010%CapEx$1455%Vacancy$1746%Maintenance$1455%

Investment Breakdown

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Purchase Price

$830k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$174k

Downpayment

20%

$166k

Closing costs

1%

$8,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,896

Total Expenses

$6,165

Mortgage P&I

150%

$4,337

Property Taxes

27%

$784

Home Insurance

10%

$290

HOA

0%

$0

Property Management

10%

$290

CapEx

5%

$145

Vacancy

6%

$174

Maintenance

5%

$145

Other

0%

$0

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