REI Lense

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$2,845 (target)

3525 Iroquois Ave, Sarasota, FL 34234

3 beds • 2 baths • 1542 sqft

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This property looks like a bad Long-Term investment with a projected -7.67% first-year return on $88,536 initial cash invested.

-7.67%

Cash On Cash

4.91%

Cap Rate

0.8

DSCR

$2,845

Rent

-$566

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,845 income − $3,411 expenses = $566 out of pocket

Income$2,845Out of Pocket$566Mortgage P&I$2,15076%Property Taxes$36413%Insurance$1586%Management$28410%CapEx$1425%Vacancy$1716%Maintenance$1425%

Investment Breakdown

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Purchase Price

$422k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,536

Downpayment

20%

$84,320

Closing costs

1%

$4,216

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,845

Total Expenses

$3,411

Mortgage P&I

76%

$2,150

Property Taxes

13%

$364

Home Insurance

6%

$158

HOA

0%

$0

Property Management

10%

$284

CapEx

5%

$142

Vacancy

6%

$171

Maintenance

5%

$142

Other

0%

$0

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